AEIC member and former Lockheed Martin CEO Norm Augustine testified before the Senate Finance Committee today on the topic of Reforming America’s Outdated Energy Tax Code. The following testimony was submitted by Mr. Augustine. TESTIMONY OF NORMAN R. AUGUSTINE BEFORE THE COMMITTEE ON FINANCE OF THE UNITED STATES SENATE SEPTEMBER 17, 2014 WASHINGTON, DC Mr.[…]
AEIC co-chairs Norm Augustine and Chad Holliday sent the following letter to members of Congress on July 23, 2014, in which they applaud passage of H.R. 5120:
The following letter, signed by AEIC Principals Bill Gates, Tom Linebarger, John Doerr, Chad Holliday, and Norm Augustine, was presented at the July 23 AEIC symposium entitled “Driving Resources into Energy Innovation.” Welcome to today’s symposium on Driving Resources into Energy Innovation. The Bipartisan Policy Center (BPC) and the American Energy Innovation Council (AEIC) have[…]
On July 23, the Bipartisan Policy Center’s (BPC) American Energy Innovation Council (AEIC) will gather experts, business leaders, academics and policymakers to assess the state of American energy innovation and new approaches to drive more resources into it. AEIC’s mission is to foster strong economic growth, create jobs in new industries and reestablish America’s energy[…]
The AEIC staff’s case studies on the federal government’s role in energy technology innovation, summarized in this document, illustrate that public-private partnerships are recurring components in the successful development and deployment of advanced energy technologies.
Oil accounts for one third of the energy consumed by the United States, most of it by the transportation sector. Continuing dependence on oil has subjected American consumers to considerable economic volatility.
For more than a half-century, gas turbine engines pioneered for military jet fighters have hung under the wings of commercial airliners. For nearly as long, these aircraft engines have been adapted to drive electricity generators, pump oil and gas, and power ships. These aeroderivative gas turbines are a part of the larger industrial gas turbine market, valued at $15.6 billion worldwide in 2010.
Last week, the House Committee for Science, Space, and Technology’s Research and Technology Subcommittee released a discussion draft of proposed legislation entitled, “Innovative Approaches to Technology Transfer Act of 2013.” The draft text would authorize federal agencies to direct a part of their research budgets to universities, research institutes, and national laboratories for novel approaches[…]
The outlook for North America’s natural gas supply has improved dramatically in recent years as horizontal drilling and hydraulic fracturing technologies have made it possible to commercially develop unconventional gas reserves, particularly shale gas reserves. These gas basins are located in diverse geographical areas, spanning at least 31 states in the continental United States.
Modern diesel engines are hugely important to the U.S. economy, especially in the transportation industry, where they are widely used in trucks and other heavy-duty vehicles. Truck transportation, which is dominated by diesel engines, directly employed over 1.3 million people and contributed $252 billion to national GDP in 2010.