Historical Resolution #201
A resolution to repeal previously passed legislation.
Historical Resolution #18 “Hydrogen Powered Vehicles” (Category: Environmental; Industry Affected: Automotive) shall be struck out and rendered null and void.
COMMENDS the good intentions of the original resolution in seeking to develop new sources of fuel for cars,
RECOGNISES that effort needs to be made to reduce dependency on non-renewable energy sources,
NOTES that many economically developing nations do not use polluting vehicles on a large scale,
OBSERVES that such nations are therefore unlikely to significantly contribute to air pollution through vehicle emissions,
FURTHERMORE NOTES that the development of hydrogen fuel cells is technically difficult and expensive,
OBSERVES that Resolution #18 requires economically developing nations to duplicate the effort made and expense incurred by nations that are in a much better technological position to conduct the research,
REASONS that such funds would be spent more effectively elsewhere on areas such as healthcare and education,
EMPHASIZING that automobile manufacturers are already required to contribute 1% of their profits towards the development of alternative fuels under Resolution #39, "Alternative Fuels", and that this would include hydrogen powered vehicles,
FURTHER EMPHASIZES that a comprehensive emmission reduction program covering all industries is mandated by UN Resolution #126, "Fossil Fuel Reduction Act",
CONCLUDES that the funding of expensive duplicate technologies by economically developing nations is illogical, unnecessary, and harmful to developing nations,
and REPEALS UN Resolution #18 Hydrogen Powered Vehicles
Co-authored by Members of Wall Street