InfluenceMap's analysis of US auto industry lobbying shows an accelerated pattern of aggressive opposition to weaken climate-motivated policy since the election of President Donald Trump.
In the wake of the VW scandal, a group of investors with over $1 trillion worth of investor assets queried the largest automotive manufacturers on issues related to crucial greenhouse gas emissions standards in the US and the EU. This initiative was coordinated by UK non-profits ShareAction and InfluenceMap.
The following is a public report-back to investor signatories along with analysis and recommendations for future querying of the automotive sector to the wider investment community. Read the Financial Times coverage of this report.
Is the Volkswagen scandal the tip of the iceberg? Investors and engagers concerned with climate issues may be inclined to look more closely at this sector in light of the recent regulatory risks exposed by VW as the scandal spreads from diesel to CO2 emissions.
New analysis, requested by the Greens/EFA Group within the European Parliament, reveals a strong correlation between the obstructionist attitudes of key automotive manufacturers toward EU NOx policy and the position of the member states that they manufacture in.