FINANCIALTIMES:New fuel economy standards for cars to be announced by the US administration are expected to cut consumption of petrol and diesel by up to 18 per cent over the coming decades, according to an official study, but are courting controversy…
At a time when oil prices have been rising, and fuel costs are putting increasing strain on US household budgets, President Barack Obama will use the new standards to show that he is addressing public concerns.
The administration also argues that the regulations will help the environment by reducing carbon dioxide and other emissions, and will strengthen national security by curbing America’s reliance on imported oil… (more)
