Ford Motors and Chrysler Group have joined a group of companies and environment organizations pushing the federal government to enact laws aimed at curbing greenhouse gas emissions.
To combat global warming sagaciously the alliance of big business and environmental groups told President Bush in January that mandatory emissions caps are needed to reduce the flow of carbon dioxide and other heat-trapping gases into the atmosphere.
As for its part in the green fight, Ford and Chrysler are joining the United States Climate Action Partnership, along with General Motors Corp. (GM), the first automaker to add its heft to the cause.
Confirming his presence and willingness to combat collectively with the warming threat Chrysler CEO Tom LaSorda said:
Now is the time for advancing a national approach to climate change where all of us - individuals, industry and government - take action toward reducing emissions of greenhouse gases
Ford added a few more things in the conversation as its President and CEO Alan Mulally said:
We have been actively developing a range of advanced technology vehicles to address the climate change issue, reducing our energy consumption on a global basis and working to create vehicles with the environmental innovation our customers desire
Last week, the Senate passed a bill that includes raising the Corporate Average Fuel Economy standards to 35 miles per gallon by 2020, a 40% increase from the standards currently imposed on autos rolling off assembly lines.
Other members include General Electric, Dow Chemical, PepsiCo, Royal Dutch Shell’s U.S. arm , London-based oil company BP, Houston-based ConocoPhillips and Alcoa — all seeking economy-wide cap-and-trade carbon legislation and clarity in the nation’s stance on carbon emissions.
With his vow to join the forces, battling Ford’s shares surges 3.6% at $9.28, while DaimlerChrysler tacked on a penny to $89.77. GM jumped almost 3% to $37.41.
