CEOs and Generals Call for Increased Fuel Economy in US
A group of corporate chief executives and former military generals called Wednesday for the federal government to raise fuel economy standards and take other steps toward cutting U.S. oil imports almost in half from today's levels by 2030.
The group, the Energy Security Leadership Council, includes the chief executives of FedEx, UPS, Dow Chemical and top executives from Southwest Airlines and Goldman Sachs, along with several retired U.S. military commanders. They contend U.S. reliance on foreign sources of energy gives enemies in other parts of the world too much leverage over the U.S. economy.
"We're now far more vulnerable than we were in the '70s," said Robert Hormats, vice chairman of Goldman Sachs' international unit. "The disruption that could occur, could be extremely serious."
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