FOR IMMEDIATE RELEASE
California Air Resources Board Chair Mary Nichols and Major Investors Discuss Economic Benefits of Clean Car Standards
Against a backdrop of gas prices exceeding $4 a gallon in many U.S. cities, Ceres hosted a face-to-face media availability and roundtable discussion on the economic benefits of strong fuel economy and emissions standards with California Air Resources Board (CARB) chair Mary Nichols and institutional investors.
As CARB chair, Mary Nichols leads California’s work with federal transportation officials on the next round of nationwide fuel economy and greenhouse gas standards – standards that will shape the auto industry through 2025.
Speakers discussed the findings of a recent Citi Investment Research report that shows the auto industry, and particularly Detroit’s Big Three, would profit more than overseas carmakers from strong standards.
The event was held at Ceres Conference 2011: Igniting Innovation, Scaling Sustainability in Oakland California on May 11. Joining Mary Nichols on the panel were: Mindy Lubber, president of Ceres and director of the Investor Network on Climate; Bill Green, cleantech investing pioneer and former managing partner, VantagePoint, Matthew Fitzmaurice, founder, managing partner, and co-portfolio manager of AWJ Capital Partners, Rebecca Henson, sustainability analyst, Calvert Investment Company, Inc..