Canada, US to co-develop fuel efficiency standard
TUCSON, Ariz. — A Memorandum of Cooperation has been signed by Canada and its southern trading partner to develop binational vehicle fuel efficiency regulations.
The memorandum also means Canada and the U.S. will share respective strategies on governing vehicle fuel efficiency. This includes the exchange of research, modeling and analysis of technological changes; options for joint fuel economy standards; developments related to potential credit trading systems; and the use of economic instruments and sharing of work plans.
“Regulating vehicle fuel efficiency is an important element of Canada’s environmental agenda aimed at protecting the health of Canadians and the
environment,” said Transport Minister Lawrence Cannon.
Adds U.S. Secretary of Transportation Mary E. Peters: “Today’s announcement puts both our countries on a track to developing the kind of standards we need to secure our energy independence while protecting the economy, the environment and vehicle safety.”
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