U.S. manufacturers have been highly successful in reducing pollution over the past two decades, yet their costs to shrink their environmental footprint continue to grow. They're being affected by the law of marginal returns and each new pollution regulation that EPA devises will be increasingly more costly to implement.
EPA today strengthened its ozone standard, lowering the limit to 70 ppb in an effort to protect public health. Business groups said the standard was expensive, unnecessary and would lead to job losses....More
One German media outlet reported over the weekend that Bosch, which produced the device at the center of the storm, warned Volkswagen as early as 2007 that it was meant for testing only and that road use would be illegal....More
Just days after American regulators launched a probe and ordered a fix, Volkswagen spirals into a scandal that affects millions of cars on multiple continents and could lead to big changes within the company. ... CEO Martin Winterkorn could be relieved of his duties this week....More