FOR IMMEDIATE RELEASE
Ceres Applauds Heavy Duty Truck Fuel Efficiency Rules
Stronger Standards Will Lead to Savings for Businesses While Dramatically Reducing Emissions
Ceres welcomed the final fuel efficiency and greenhouse gas standards for medium and heavy-duty trucks that were released by federal and state agencies yesterday.
Carol Lee Rawn, director of Ceres’ Transportation Program, says:
“This is great news for the trucking industry and companies that are concerned about reducing their shipping costs. Because these vehicles are so large, even small improvements in fuel economy yield significant cost-savings through reduced oil use. This is yet another area where stronger environmental performance is better for businesses and the economy, too.
Yesterday’s final standards are actually stronger than the draft ones and everyone who contributed to these rules, including the many companies that proactively engaged with agencies on them, should be commended for a job well done.
This is the final fuel economy rule we expect from this White House. Between these standards and continued improvements in light-duty fuel economy, this administration has done more to reduce our oil dependence than any other.
Vehicles covered under the new rules comprise just 5 percent of those on the road, but consume 20 percent of U.S. transportation fuel. Transportation just overtook electricity as the largest source of U.S. emissions and trucking is the fastest growing source of emissions in the sector.”
Research commissioned by Ceres and the Environmental Defense Fund found that improving fuel-efficiency for these vehicles would yield significant cost savings for truckers and fleet operators. And in April, several natural food producers and their parent companies and retailers - including Annie’s, General Mills, and Patagonia - cited this research when they encouraged federal agencies to adopt more ambitious standards.
Ceres is a nonprofit group mobilizing many of the world’s largest companies and investors to take stronger action on climate change, water scarcity and other sustainability challenges. Ceres directs the Investor Network on Climate Risk, a network of over 120 institutional investors with collective assets totaling more than $14 trillion. Ceres also engages with 100-plus companies, many of them Fortune 500 firms, committed to sustainable business practices and the urgency for stronger climate and clean energy policies. For more information visit: www.ceres.org or follow on Twitter @CeresNews.