The former head of Royal Dutch Shell has gone way out on a limb and urged the European Union to ban all vehicles that get less than 35 mpg, saying it is the only way to significantly address global climate change and force the auto industry to build more efficient vehicles...
Sir Mark Moody-Stuart, who spent his career working for the giant oil company, says an outright ban is needed because so-called "gas-guzzler" taxes do not work - and aren't fair because they let those with the means to pay them skirt responsibility for reducing greenhouse gas emissions...
Moody-Stuart, who is currently chairman of the mining group Anglo American, says he is a great fan of the free market, "but like most things, they have a failing. Without regulation to channel their power, markets will not deliver things which are of no immediate benefit to the individual making his or her choice, even though they may be beneficial to society."
P.S. I just worked out my most recent gas mileage (US gallons): 12.3 mpg. (And that's with spending almost as much time on a tow truck hook as driving.) Groan.
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