Automakers Say New Emission Standard Impractical
State Controller Steve Westly says he’s concerned that automakers - instead of retooling their vehicles - may be preparing to sue the state to overturn California’s new global warming emissions standards.
Monday, November 22, 2004
Westly, and fellow California Public Employees’ Retirement System Board member Sean Harrigan are calling on the entire CALPERS Board to discuss the issue at its December thirteenth meeting. Westly notes that CALPERS is the world’s largest pension fund and owns almost a billion dollars in auto stocks. CUT: Westly07 :07 Spokeswoman Gloria Berquist with the Alliance of Automobile Manufacturers says the new state standard is simply not practical. CUT: Berquist08 :08 Berquist said the auto industry is still deciding whether to sue California over the global warming emission standards. SOC