GE: Environmental Progress Being Impeded By Environment Process
Today Lorraine Bolsinger, President and CEO of GE Aviation Systems asked for the U.S. House Aviation Subcommittee’s leadership in expediting the environmental review process for NextGen implementation.
The transformation of our air transportation system has the potential to reduce carbon emissions that threaten our planet. Fuel efficiencies brought about through NextGen can lessen our dependence on foreign oil and help control rising energy costs, while strengthening the U.S. aviation industry, preserving existing jobs and creating new ones.
Forty years ago, Congress passed NEPA, the National Environmental Policy Act, a landmark piece of legislation that makes us stewards of our environment.
“It’s unfortunate that 40 years after the passage of NEPA, the FAA’s well-intentioned efforts to apply the law have, instead, become a major obstacle to achieving NextGen environmental benefits,” said Bolsinger.FAA, like any government agency, must comply with NEPA requirements. Currently, environmentally beneficial navigation procedures are subjected to the same expensive and time-consuming review process as procedures that adversely affect the environment. This review process is ill-defined and very costly. Multiply this by roughly 1,200 or so new procedures that will be required to modernize airspace at our largest 100 airports and you begin to see the magnitude of the problem, according to Bolsinger. Bolsinger outlined the application of a new, expedited environmental approval process when a new navigation procedure meets the following three-part test: 1. It reduces an aircraft’s CO 2 emissions, 2. It reduces fuel burn and, 3. It results in a reduction or no net increase in the noise-affected area on the ground. Congress has the opportunity to take action now, to require FAA to develop this expedited environmental approval process as it conferences the FAA Reauthorization bill. The testimony was presented to Chairman Jerry Costello, Ranking Member Tom Petri and members of the Subcommittee. Bolsinger was on a panel with Karlin Toner, the head of the Joint Planning and Development Office (JPDO), and representatives from DOD, NASA, the Government Accountability Office and Calvin Scovel III, the Department of Transportation Inspector General.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV