Dim prospects that ‘energy efficient’ will pay off: CIBC

Improvements in efficiency have done little to reduce actual energy consumption, as consumers take advantage of those gains to drive bigger cars farther, or heat larger homes, CIBC World Markets Inc. economist Jeff Rubin says in a new report.

In a study released today, Mr. Rubin described an


Mr. Rubin noted that governments in the United States have passed tougher energy efficiency regulations in an effort to reduce dependence on foreign oil, or cut emissions of greenhouse gases that are linked to climate change.