States are about to get $2.7 billion under a settlement with Volkswagen for its scandal involving diesel-engine cars sold with defeat devices, which allowed the vehicles to sail through emissions tests despite emitting way more pollution than allowed under federal standards.
The 2016 settlement over Volkswagen’s 2.0-liter diesel engine cars established a $2.7 billion mitigation trust fund, reports Bloomberg BNA reporter Patrick Ambrosio. The EPA and California Air Resources Board announced in September 2015 that Volkswagen and Audi sold about 480,000 vehicles fitted with these devices intended to bypass emissions testing protocols.
Though states won’t see this cash till sometime later this year, they’re already hammering out plans for spending it, Patrick writes.
Some state agencies are looking at projects to get the biggest emissions reductions for the dollar, improve air quality or to leverage additional public and private funding, he says in his story States Look to Stretch VW Settlement Billions.
All Bloomberg BNA treatises are available on standing order, which ensures you will always receive the most current edition of the book or supplement of the title you have ordered from Bloomberg BNA’s book division. As soon as a new supplement or edition is published (usually annually) for a title you’ve previously purchased and requested to be placed on standing order, we’ll ship it to you to review for 30 days without any obligation. During this period, you can either (a) honor the invoice and receive a 5% discount (in addition to any other discounts you may qualify for) off the then-current price of the update, plus shipping and handling or (b) return the book(s), in which case, your invoice will be cancelled upon receipt of the book(s). Call us for a prepaid UPS label for your return. It’s as simple and easy as that. Most importantly, standing orders mean you will never have to worry about the timeliness of the information you’re relying on. And, you may discontinue standing orders at any time by contacting us at 1.800.960.1220 or by sending an email to firstname.lastname@example.org.
Put me on standing order at a 5% discount off list price of all future updates, in addition to any other discounts I may quality for. (Returnable within 30 days.)
Notify me when updates are available (No standing order will be created).
This Bloomberg BNA report is available on standing order, which ensures you will all receive the latest edition. This report is updated annually and we will send you the latest edition once it has been published. By signing up for standing order you will never have to worry about the timeliness of the information you need. And, you may discontinue standing orders at any time by contacting us at 1.800.372.1033, option 5, or by sending us an email to email@example.com.
Put me on standing order
Notify me when new releases are available (no standing order will be created)