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Seeing climate-change risk in the stock market

Last April, the California regulatory agency that oversees air quality announced its plan to encourage the sale of electric and zero-emission vehicles while phasing out the sale of gasoline-powered vehicles by 2035. If approved by the California Air Resources Board, 35% of new passenger vehicles would be required to be powered by electricity or hydrogen by no later than 2026, with 100% compliance to follow 10 years later.