May 9, 2007

General Motors joins Climate Action Partnership

Detroit, Michigan – General Motors announced that it will join the United States Climate Action Partnership (USCAP), becoming the first automaker to support the non-partisan group’s call for action to address climate change through advanced technology and on an economy-wide, market-driven basis.

USCAP, a partnership of companies representing key sectors of the economy and non-government organizations, issued earlier this year a set of principles and recommendations toward slowing, stopping and reversing the growth of greenhouse gas (GHG) emissions over the shortest period of time reasonably achievable. USCAP’s recommendations are based on the following six principles: Account for the global dimensions of climate change; recognize the importance of technology; be environmentally effective; create economic opportunity and advantage; be fair to sectors disproportionately impacted; and, recognize and encourage early action.

“GM is very pleased to join USCAP in proactively addressing the concerns posed by climate change,” said Rick Wagoner, chairman and CEO of General Motors. “The key as we see it is energy diversity – being able to offer our customers vehicles that can be powered by many different energy sources and advanced propulsion systems to help displace petroleum and reduce greenhouse gas emissions. We especially applaud USCAP for recognizing the important role that technology can play in achieving an economy-wide solution.”

GM believes its approach offers a more effective solution than the current Corporate Average Fuel Economy (CAFE) program. Since CAFE was enacted more than 30 years ago, both the number of vehicles on the road and the number of vehicle miles travelled have nearly doubled. During this same three decade period, U.S. gasoline consumption has increased by 60 percent and U.S. oil imports have increased by more than 100 percent. These increases have occurred despite the fact that automakers as a whole have increased new vehicle fleet fuel economy for light trucks by 60 percent, and more than doubled it for passenger cars.

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