“Green” cars may all be the rage at the Detroit motor show, but Chrysler’s chief economist Van Jolissaint has launched a fierce attack on “quasi-hysterical Europeans” and their “Chicken Little” attitudes to climate change.
Mr Jolissaint was speaking at a private breakfast where the chief economists of the “Big Three” US car firms presented their forecasts for auto industry sales this year.
Mr Jolissant, who was recently appointed the chief economist for the German-US DaimlerChrysler Group, said he was shocked by the absurdity of “quasi-hysterical” policies that smacked of “Chicken Little” politics.
In response to a question from the floor, he said that global warming was a far-off risk whose magnitude was uncertain. Mr Jolissaint was particularly scathing about the Stern Report, which was recently published by the UK government.
Mr Jolissaint said the report was based on dubious economics, did not include a discount rate, and was written by an informal adviser to Gordon Brown – in fact, at the time of the report, Mr Stern was the Second Permanent Secretary at the UK Treasury.
So the dinosaurs are still grazing then….