EFCG Weekly Briefing: Week of July 11, 2022

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Week of July 11, 2022


Community Impact

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Bechtel Corporation (Bechtel) donated £50,000 ($59,160 USD) on Wednesday to the Institution of Engineering and Technology (IET) for its Launch Scholarship program, in celebration of the company’s 70 years in the UK. The donation will support at least 11 students with financial challenges or personal obstacles throughout the duration of their education, and adds to the £680,000 ($970,000 USD) that Bechtel gifted to the IET for its Science, Technology, Engineering and Mathematics educational outreach over the past decade. Sir Julian Young, IET President, stated, “This year’s additional donation will enable us to support even more young people on their academic or apprenticeship path into engineering. We thank Bechtel for its continued support of the next generation as they each pursue their dreams.”

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Industry News & Updates

DOT Proposal Would Require States to Track Highway Emissions

  • The U.S. Department of Transportation announced on July 7 that it will propose regulations to reduce greenhouse gas emissions from the transportation sector in an effort to address climate change. The proposal would require state transportation departments and metropolitan planning organizations to track and reduce highway and road driving emissions.
  • Funding to help reduce emissions would come from the Infrastructure Investment and Jobs Act (IIJA), with $27 billion allocated toward reducing emissions through a variety of programs and mechanisms.
  • Once the proposed rule is published in the Federal Register, further discussions are anticipated as some stakeholders question whether this regulation falls within the FHWA’s authority, especially in light of the recent West Virginia v. EPA Supreme Court case.
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A Newly Empowered Federal Agency is Trying to Speed up Megaproject Permitting
    • The new Federal Permitting Improvement Steering Council (FPISC), created in 2015 and signed into permanence through last year’s federal infrastructure law, has recently begun work to fast-track permit approval for megaprojects that involve conventional and renewable energy production, broadband, and hydropower dams, among other areas.
    • This acceleration, as part of the “FAST 41 process” (referring to Title 41 of the FAST Act), comes from greater coordination--which speeds up permit approval without compromising project quality or safety.
    • • The agency is also expected to help increase transparency to the public when it comes to the complicated permit approval process, providing regular updates on the status of projects in which agencies are involved, as well as points of contact in the event of any concerns. Irma Esparza Diggs, Director of Federal Advocacy for the National League of Cities, stated: “It’s something that sounds so simple, but the reality is if you don’t speak the speak, it is very complicated… so we are pleased to have [FPISC] as a partner.” 
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    M&A Updates

    July 12, 2022
    TRC Companies, Inc. (TRC), a Connecticut-based consulting engineering firm focused on environmental and digital solutions, has acquired Blue Oak Energy, Inc. (Blue Oak), a California-based engineering, consulting, and design firm that specializes in commercial and utility-based photovoltaic (solar) energy systems. The acquisition of Blue Oak will help expand TRC’s renewable energy capabilities and reinforce strategic growth objectives in their Climate Solutions offerings.
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      July 12, 2022
      Universal Engineering Sciences, LLC (UES), a Florida-based consulting and engineering firm specializing in geotechnical engineering, environmental sciences, construction materials testing, and threshold inspection, has acquired Rock Engineering & Testing Laboratory, LLC (RETL), a Texas-based engineering and testing laboratory working on projects of varying scale, from commercial and transportation to heavy industrial developments. The acquisition of RETL strengthens UES’ operating footprint in Texas and its service offerings in geotechnical engineering and materials testing.
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        July 14, 2022
        EIS Holdings, LLC (EIS), a Texas-based provider of mission-critical environmental and infrastructure services based in Texas, has acquired Advanced Environmental Technologies, LLC (AET), a Georgia-based environmental and engineering consulting firm with offerings encompassing a range of services, from initial site reconnaissance to site remediation and closure. The acquisition of AET will allow EIS to augment its soil and groundwater remediation capabilities and adds scale to EIS through broader service offerings and geographic expansion.
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