HEARING 12/9: Energy Independence Implications of Auto Bailout
FOR IMMEDIATE RELEASE
Contact: Select Committee, 202-225-4081
Auto Bailout Hearing to Explore Energy Independence Implications
Fuel Economy, Reducing Oil Dependence at Core of Strengthening Auto Industry, Economy
As Congress considers a multi-billion dollar program of loans to America’s auto industry, many measures of success or failure exist for the industry and the government’s attempts to help the automakers. Chief among those measures of success is how effectively America’s auto industry, and the industry as a whole, is transformed to build cars for the future that reduce our dependence on oil. Will the auto industry meet the fuel economy rules passed by Congress and signed into law nearly a year ago, which could revitalize the industry? Should American taxpayers expect even higher fuel economy performance in return for their investment of additional billions in loans? Do the auto companies’ plans impair their ability to meet the current fuel economy regime?A panel of auto industry and fuel economy experts will discuss these questions and other energy implications of the automotive industry loan program at a hearing next Tuesday before Chairman Edward J. Markey (D-Mass.) and the Select Committee on Energy Independence and Global Warming. Chairman Markey authored the House language that became the current fuel economy standards of at least 35 mile per gallon by 2020.
WHAT: Select Committee hearing: “The Energy Independence Implications of the Auto Bailout Proposal.”
WHERE: Capitol Complex, Washington, DC, Room TBD
WHEN: Tuesday, December 9th, 2008, 10 AM
WHO: Witnesses to be announced soon
# # #
The House Select Committee on Energy Independence and Global Warming was formed by House Speaker Nancy Pelosi (D-CA) to increase the visibility and priority given to America's oil dependence and global warming challenges. It is chaired by Rep. Edward J. Markey (D-MA) and will actively explore the solutions, science and progress on these pressing issues during the 110th Congress.
del.icio.us
Digg this
Reddit
Stumbleupon
Print This Page