U.S. Markets open in 6 hrs 12 mins
  • S&P Futures

    3,359.25
    -23.75 (-0.70%)
     
  • Dow Futures

    27,154.00
    -211.00 (-0.77%)
     
  • Nasdaq Futures

    11,526.25
    -61.75 (-0.53%)
     
  • Russell 2000 Futures

    1,570.10
    -18.90 (-1.19%)
     
  • Crude Oil

    38.55
    -1.02 (-2.58%)
     
  • Gold

    1,908.60
    -3.30 (-0.17%)
     
  • Silver

    24.58
    +0.01 (+0.04%)
     
  • EUR/USD

    1.1776
    -0.0014 (-0.1178%)
     
  • 10-Yr Bond

    0.7780
    0.0000 (0.00%)
     
  • Vix

    33.35
    +0.89 (+2.74%)
     
  • GBP/USD

    1.3057
    +0.0016 (+0.1201%)
     
  • USD/JPY

    104.1760
    -0.3180 (-0.3043%)
     
  • BTC-USD

    13,665.68
    -84.96 (-0.62%)
     
  • CMC Crypto 200

    269.55
    +8.26 (+3.16%)
     
  • FTSE 100

    5,728.99
    -63.02 (-1.09%)
     
  • Nikkei 225

    23,418.51
    -75.79 (-0.32%)
     

American Fuel and Petrochemical Manufacturers Responds to Governor Newsom's Executive Order Banning Sale of New Internal Combustion Engine Vehicles

American Fuel & Petrochemical Manufacturers
·1 min read

Washington, D.C., Sept. 23, 2020 (GLOBE NEWSWIRE) -- AFPM President and CEO Chet Thompson today issued the following statement in response to Gov. Newsom’s executive order outlining his aspirational goal to ban the sale of new passenger cars and trucks with internal combustion engines (ICEs) in the state of California by 2035, and ban medium- and heavy-duty ICE vehicles in the state by 2045:

“Governor Newsom lacks the authority to ban the internal combustion engine. Regardless, pursuing this goal would be among the most inefficient, unpopular, and regressive methods to reduce carbon emissions. Forced electrification would deprive consumers of choice for popular vehicles fueled by affordable, reliable, and readily available gasoline and diesel. It also ignores that today’s vehicles are 99 percent cleaner than they were just a few decades ago and continue to get cleaner every year.” – Chet Thompson, president and CEO, American Fuel & Petrochemical Manufacturers

CONTACT: AFPM Communications American Fuel & Petrochemical Manufacturers (202) 844-5503 media@afpm.org