Followers | 680 |
Posts | 141122 |
Boards Moderated | 36 |
Alias Born | 03/10/2004 |
Tuesday, February 16, 2021 6:44:46 PM
By: David Shepardson | February 16, 2021
WASHINGTON (Reuters) - Boeing (NYSE:BA) Co on Tuesday backed first-ever fuel efficiency standards for new airplanes finalized by the Trump administration in its waning days that a dozen U.S. states have challenged as too lenient, and that President Joe Biden's administration is reviewing.
The largest U.S. planemaker asked a U.S. appeals court in Washington for approval to intervene on behalf of the Environmental Protection Agency (EPA), which is being sued over its decision to finalize the first-ever standards regulating greenhouse gas emissions from airplanes. The plaintiffs, 12 states, the District of Columbia and three environmental groups, want tougher emissions rules.
The states said last fall the EPA rule lags "existing technology by more than 10 years and would result in no GHG reductions at all compared to business-as-usual."
Airplanes have been the largest source of transportation greenhouse gas emissions not subject to rules. In 2016, the U.N. International Civil Aviation Organization (ICAO) agreed on global airplane emissions standards aimed at makers of small and large planes, including Airbus SE (OTC:EADSY) and Boeing Co , which both endorsed the rules.
Boeing noted the ICAO emissions standards effort began under former President Barack Obama's administration, in which Biden was vice president.
The planemaker argued that it is "essential" rules "be reasonably achievable, given the billions of dollars it costs to design, build, and certify new airplanes."
"Attempts to overturn regulation directly aligned with successful cooperative international efforts to combat climate change, supported by more than 190 countries, will only discourage future international agreements," Boeing said in a statement.
The EPA declined to comment on Boeing's filing.
In January, the Trump EPA said it did not expect the rule to result in emissions reductions and did not project it would "cause manufacturers to make technical improvements to their airplanes that would not have occurred" otherwise.
The Environmental Defense Fund has said the EPA’s "do-nothing rule is totally inadequate in light of the climate crisis."
The new rules apply to new-type designs as of January 2020 and to in-production airplanes or those with amended type certificates starting in 2028.
Airplanes covered by the rule account for 10% of U.S. transportation greenhouse gas emissions and 3% of total U.S. emissions.
Separately, industry group Aerospace Industries Association (AIA) in a letter released Tuesday urged the Biden Administration "to continue to prioritize multilateral solutions" on airplane emissions.
AIA also urged the Federal Aviation Administration to develop regulations to allow U.S. manufacturers to certify aircraft to the global CO2 standard. "Our industry is ready to work with the Biden Administration to improve the sustainability of air travel," AIA wrote.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent BA News
- Tesla’s April Sales Down 18% in China, Amazon’s Multi-Billion Dollar Cloud Expansion in Singapore, and More News • IH Market News • 05/07/2024 11:44:00 AM
- Perficient Stock Soars 52.9% Post-Acquisition; Luminar Declines 10% Amid Workforce Cutbacks, and Other News • IH Market News • 05/06/2024 12:09:00 PM
- Boeing Announces Closing of Senior Notes Offering • PR Newswire (US) • 05/01/2024 11:15:00 PM
- Millennium Space Systems Awarded $414M Space Development Agency Contract • PR Newswire (US) • 04/30/2024 05:50:00 PM
- Alphabet CEO’s Billion-Dollar Wealth, Microsoft’s $1.7B Indonesia Investment, and More News • IH Market News • 04/30/2024 11:58:40 AM
- Philips Stocks Soar 47% Following US Deal, Tesla Bolsters Presence in China, and More News • IH Market News • 04/29/2024 11:11:24 AM
- Anglo American Rejects BHP Group’s Offer, Toyota Invests $1.4 Billion in Indiana, and More News • IH Market News • 04/26/2024 11:48:07 AM
- Boeing collabore avec le Saskatchewan Indian Institute of Technologies pour renforcer l'enseignement aux Autochtones • PR Newswire (Canada) • 04/24/2024 04:00:00 PM
- Boeing partners with Saskatchewan Indian Institute of Technologies to elevate Indigenous education • PR Newswire (Canada) • 04/24/2024 04:00:00 PM
- Upbeat Earnings News May Lead To Extended Rebound On Wall Street • IH Market News • 04/24/2024 01:09:05 PM
- U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading • IH Market News • 04/24/2024 11:31:20 AM
- Boeing Reports First Quarter Results • PR Newswire (US) • 04/24/2024 11:30:00 AM
- Coca-Cola and Microsoft Sign Billion-Dollar Agreement, Apple Event Set for May 7, and More News • IH Market News • 04/24/2024 11:28:02 AM
- Futures Pointing To Extended Rebound On Wall Street • IH Market News • 04/23/2024 01:11:27 PM
- Apple Loses Market Share in China, GM Surges in Pre-Market Following Upward Revisions for 2024 Projections, and More News • IH Market News • 04/23/2024 11:25:34 AM
- U.S. Stocks Close On Bright Note Despite Coming Off Day’s Highs • IH Market News • 04/22/2024 08:38:04 PM
- Nasdaq, S&P 500 Extend Losing Streaks On Tech Weakness But Dow Advances • IH Market News • 04/19/2024 08:32:14 PM
- Apple to Invest $250 Million in Singapore Expansion, Oracle Commits $8 Billion to Japan Infrastructure, and More News • IH Market News • 04/18/2024 11:11:52 AM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- Boeing Makes its Largest Purchase of Blended Sustainable Aviation Fuel • PR Newswire (US) • 04/16/2024 02:00:00 PM
- Ericsson Soars with 66% Net Profit Growth; Live Nation Under Antitrust Scrutiny in US, and More News • IH Market News • 04/16/2024 11:18:19 AM
- Samsung Surpasses Apple in Q1 Smartphone Market; Salesforce in Talks to Acquire Informatica, and More News • IH Market News • 04/15/2024 11:06:48 AM
- Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News • IH Market News • 04/12/2024 11:05:29 AM
- Delta Generates US$37 Million Profit in Q1, Google and Intel Unveil Cutting-Edge AI Chips, and More News • IH Market News • 04/10/2024 11:13:48 AM
- Boeing Announces First-Quarter Deliveries • PR Newswire (US) • 04/09/2024 03:00:00 PM
FEATURED Cannabix Technologies Launches New Compact Breath Logix Workplace Series and Prepares for Delivery to South Africa • May 7, 2024 8:51 AM
Moon Equity Holdings, Corp. Announces Acquisition of Wikolo, Inc. • MONI • May 7, 2024 9:48 AM
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM