Toyota to review climate stance as investors turn up the heat
The Hindu
The car maker came under scrutiny after siding with the Trump administration in 2019 in a bid to bar the state of California from setting its own fuel efficiency rules.
Japan’s Toyota Motor Corp signaled a shift in its climate change stance on April 19, saying it would review its lobbying and be more transparent on what steps it is taking as it faces increased activist and investor pressure. The car maker came under scrutiny after siding with the Trump administration in 2019 in a bid to bar the state of California from setting its own fuel efficiency rules. Toyota “will review public policy engagement activities through our company and industry associations to confirm they are consistent with the long-term goals of the Paris Agreement,” it said in a statement, adding that actions will be announced by the end of this year.
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