The No. 1 U.S. pension fund, Calpers, will be asked by two of its board members to urge automakers to accept California’s attempts to reduce emissions from vehicles, the Wall Street Journal reported on Monday.
California air-quality regulators earlier this year adopted the nation’s first-ever rules to reduce emissions of carbon dioxide and other gases in cars and trucks by as much as 25 percent, beginning with the 2009 model year, with cuts accelerating to as high as 34 percent in 2016.
Steve Westly and Sean Harrigan, two members of the board of the California Public Employees’ Retirement System, are expected to send a letter on Monday requesting that Calpers use its influence to ask the biggest automakers to acquiesce to the new rules, according to the paper.
For this complete story, please visit Automakers May Get Calpers Pressure.
