EPA Says GM Agrees to Retire Greenhouse Gas Credits Due to Excess Emissions Identified in 6 Million Vehicles
By Denny Jacob
The Environmental Protection Agency disclosed that General Motors agreed to retire about 50 million metric tons of greenhouse gas credits to resolve excess carbon dioxide emissions identified in nearly 6 million vehicles.
The EPA said the agreement, stemming from its light-duty vehicle in-use testing programming, identified the issue from about 5.9 million 2012-2018 model year GM vehicles currently in use. This action involves about 4.6 million full-sized pickups and SUVs, and about 1.3 million midsize SUVs.
The regulator said tests done by both the EPA and GM showed the automaker's vehicles were emitting 10% higher levels of carbion dioxide on average than GM's initial compliance reports claimed. Automakers are required to test vehicles that have been on the road for one year and again at four years, and submit those test results to the EPA, which also conducts its own tests.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
July 03, 2024 12:17 ET (16:17 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations