GM and Ford Still on Path to Decrease Emissions
Although U.S. has withdrawn itself from participation in the Paris Agreement; U.S. auto giants General Motors and Ford have claimed that the withdrawal won’t affect their environmental commitments or their overall plans for reducing carbon emissions.
This came in when auto industry experts and analysts have expressed doubts over the decision’s overall impact on the operations of the global car companies. It is being considered that the traditional automakers stand to benefit from any change in policy because of relaxed emissions standards.
GM said it has been advocating for climate action and awareness. GM is the only automaker that has signed Ceres Climate Declaration and is also one of the first companies who has signed American Business Act regarding Climate Pledge.
Meanwhile, Ford stated that climate change is real, and it will be deeply committed to the reduction of emissions of greenhouse gases from its facilities and vehicles. They also pointed towards their commitment to adding new electrified cars in the lineup.
The analysts pointed that the despite US pullout, there may not be change in the business. This is because of these auto giants sell in the other countries too. Those countries are still a part of the Paris Agreement; and hence the automakers will have to adhere to the regulations anyway.
The overall effects of this remain to be seen, just as a larger picture of the whole scenario is yet to be painted.