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Technology Stocks : Energy Conversion Devices

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To: Don Devlin who wrote (2510)	10/20/1998 6:14:00 PM
From: Michael Latas	Read Replies (1) of 8393

Don, here is an interesting quote from an article in this weeks Automotive News that should put a much needed smile on all of our faces: "The European Union has accepted an agreement by mfgr's there to cut carbon dioxide emissions 25% in a decade. The European automakers association ACEA, which includes GM and Ford agreed to the sweeping CO2 cuts on Oct. 6. Because of the yes in Europe, observers say, the U.S. automakers' cannot continue to say no in the United States to a global warming treaty." Additionally, "UE officials did indicate they expect North American and Asian mfgr's that export to Europe to comply with the 25 percent cut." "In summary, ACEA has promised that by 2008, its members will reduce CO2 levels to 140 grams per kilometer. That is the equivalent to an average fuel economy of 5.6 liters per 100 kilometers traveled, or 42.8 mpg, about 25 percent less than 1995 levels." Don, it was initially the environmental issues that brought about the alternative fuel developments and here we are again getting another much needed boost because of the same on-going environmental concerns. All I can say is that it couldn't happen to a nicer bunch of guys. Regards.

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