Tuesday, December 18, 2007

Energy Bill Passed! On to Pennsylvania Ave

In it's fourth round of voting in the House. The Energy Independence and Security Act of 2007 has cleared Congress and the House of Representatives. Now it's on to 1600 Pennsylvania Avenue for President Bush to officially sign the bill into law tomorrow. The bill passed through the House today with a vote of 314 to 100.

As many of you already know. The main importance of this bill was the Corporate Average Fuel Economy (CAFE) standards to rise to 35 mpg by the year 2020. Below we have attached official response from both Ford and Chrysler.

Source: Associated Press.

The following is a statement from Ford Motor Company on the final passage of the Energy Independence and Security Act of 2007 by Congress:

WASHINGTON, D.C., Dec. 18, 2007 -- "Ford has worked with lawmakers to enact nationwide requirements that provide a significant increase in fuel economy while protecting consumers' choices of cars, SUVs and light trucks. We are working to do our part to help reduce greenhouse gases and U.S. dependence on foreign oil.

This legislation will provide one clear requirement for increasing fuel economy and provide greater certainty for our product planning. Ford is committed to providing safer, more fuel efficient, quality products – in high volume – that customers want and value."

Press Release:
Statement from Robert Nardelli, Chairman and CEO, Chrysler LLC, Regarding New, Nationwide U.S. Fuel Economy Standards:

"We commend the Congress for passing an energy bill today and we fully support it being signed into law. Chrysler is committed to meeting the fuel economy standards of the bill and doing our part to reduce greenhouse gas emissions and our country's reliance on foreign oil. We continue to devote significant resources to develop quality, fuel efficient products that our customers expect. This year alone, we offer six vehicles that get 28 miles per gallon or better, and more are on the way."