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Just in case you thought it would be a straight fight between the California Air Resources
Board (CARB) and the Big Three to see if the state’s tailpipe regulations usurp federal law, The California Public
Employees Retirement System (CALPERS) weighs-in. The controllers of a $182b pension fund say they might attack
recalcitrant automakers through shareholder resolutions and prompt other funds to join the fight. The Car Connection’s
Joe Szczesny provides an objective summary—
right until he mounts a defense of the Kyoto protocol and global warming. Feeling a bit green around the
gills Joe?