Honeywell Chairman and CEO Dave Cote received the Distinguished Service Award from the Tax Foundation at its 74th Annual Dinner held in Washington, D.C.
The Tax Foundation is a nonpartisan research organization that has monitored fiscal policy at the federal, state, and local levels since 1937. Since 1941, the Tax Foundation has awarded the Distinguished Service Award to a wide range of tax professionals, elected officials, and business leaders, including Senate Finance Committee Chairman Max Baucus (D-MT), House Ways and Means Committee Chairman Bill Thomas (R-CA), Treasury Secretary James A. Baker III, Federal Reserve Chairman Paul Volcker, and President Dwight D. Eisenhower.
Cote, a member of President Obama’s National Commission on Fiscal Responsibility and Reform, has been an advocate of an American Competitiveness agenda that would alleviate the national deficit and create jobs.
“It’s important for all of us to let our politicians know that we want to compete, that we still know how, and that we just need the tools to do it,” said Cote. “By addressing debt and taxes, energy policy, math and science education, infrastructure, free trade, and tort reform we can have the tools we need to create a dynamic, fair economic environment where our country and our people can continue winning. It’s a question of do we still have the political will to do the hard things required in life? We can do it. We need government to work together and enable it. We just need the tools.”
Read more about the award.
Posted on Friday, November 18, 2011
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Honeywell was named one of the Top 100 Global Innovators by Thomson Reuters. The proprietary program recognizes the 100 most innovative companies in the world, according to a series of patent-related metrics.
Honeywell’s more than 32,000 patents or patent pending applications worldwide are helping the company innovate technologies to address tough challenges linked to global macro trends such as safety, security, energy, and globalization.
According to the Thomson Reuters website, “The Thomson Reuters 2011 Top 100 Global Innovators are companies that invent on a significant scale; are working on developments which are acknowledged as innovative by patent offices across the world, and by their peers; and, whose inventions are so important that they seek global protection for them.”
For more information, visit the Global Innovators website.
Posted on Thursday, November 17, 2011
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Honeywell Turbo Technologies is an active member of a coalition which recently published a white paper authored by former Transportation and Commerce Secretary Norman Mineta supporting technology neutral policies as policymakers begin to implement new CAFE (Corporate Average Fuel Economy) regulations announced by U.S. President Barack Obama.
The white paper details Secretary Mineta’s support for technology neutral policies which do not favor one technology over another through consumer incentives, federal subsidies, testing standards, or technology specific credits. Recent policies have favored electric vehicles but have failed to help gain wide-spread acceptance from consumers or enhance the likelihood of significant growth of electrics in the United States. The white paper cites data suggesting significant technology advancements in conventional gasoline and diesel engines provide the most economical and efficient path to achieve President Obama’s new CAFE standards.
“Now that the government has set aggressive performance targets, it is critical that the Administration and regulators allow markets the freedom to innovate and choose the best technology to reach those targets. In this era of severe budget restraints, lawmakers should address the inequities in consumer incentives by eliminating language that favors one technology over another,” Secretary Mineta said.
The white paper was published by the U.S. Coalition for Advanced Diesel Cars, a national coalition supported by Honeywell focused on promoting technology neutral policies and the energy efficiency and environmental benefits of advanced clean diesel technology.
For more information, read the full white paper.
Posted on Monday, November 14, 2011
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UOP LLC, a Honeywell company, announced that Honeywell Green Jet Fuel™, produced using process technology from Honeywell’s UOP, is powering Aeroméxico’s Mexico City to San José, Costa Rica route, marking one of the first uses of renewable fuels in everyday airplane passenger service.
Honeywell’s UOP process technology produces Green Jet Fuel from natural oils and wastes. The fuel meets all specifications for flight and, when used in a 50-50 blend with petroleum-derived jet fuel, is a drop-in replacement that requires no changes to the aircraft or engine.
Aeroméxico has begun use of Green Jet Fuel made by Honeywell’s UOP on its regular Mexico City to Costa Rica route as part of its “Green Flights” project designed to reduce greenhouse gas emissions. The Aeroméxico-operated Boeing 737-700, which carries up to 124 passengers, will use a 15 percent blend of Green Jet Fuel made from the inedible plant camelina and petroleum-based fuel.
For more information, read the press release.
Posted on Friday, November 11, 2011
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Honeywell’s world-leading LED lighting products have been adopted by 100 Wal-Mart stores in China, enabling the retail giant to reduce its energy consumption and cut operating costs. By installing Honeywell’s LED lighting products, each Wal-Mart store can cut its annual electricity consumption by around one million kilowatt-hours, which represents approximate savings of 50 percent in electricity expenses on lighting and 15 percent in Wal-Mart’s total electricity expenses.
Under the cooperation agreement between Honeywell and Wal-Mart, which began in 2008, Honeywell plays a key role in the redesign of the stores and their implementation of low-energy lighting. In addition to providing the LED products, Honeywell offers consultation, design, and optimization services for lighting, and helps Wal-Mart improve lighting quality while saving energy.
Honeywell’s high-efficiency LED products play a key part in the retail giants’ drive to respond to China’s environmental targets by reducing the carbon footprint of its stores. As part of China’s 12th Five-Year Plan, the Chinese government has set a goal of reducing energy consumption and CO2 emissions per unit of GDP by up to 17 percent by 2015. And the LED industry is experiencing fast growth. Many enterprises have responded to the national campaign for lower energy consumption by switching to high-efficiency LED lighting, which cuts their costs and enables them to contribute to the green economy.
Read more about Honeywell’s technologies and solutions related to energy efficiency.
Posted on Thursday, November 10, 2011
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Honeywell celebrated the grand opening of the University of British Columbia (UBC) Centre for Interactive Research on Sustainability (CIRS), a living laboratory for researchers to teach, test, and study the long-term impact of sustainable practices and technologies.
Featuring advanced building controls, sensing technology, and management software from Honeywell, CIRS will serve as a leading academic hub to test and advance sustainable technologies before broader implementation, and operate as a center for green building policymakers to establish future standards. CIRS is one of only a handful of buildings worldwide that will provide “net positive” benefits to the environment. It reduces UBC’s carbon emissions, powers itself and a neighboring building with renewable and waste energy, and provides water for inhabitants with rainwater treated onsite.
Honeywell installed heating and cooling, fire alarm, and security technology in the building, and is using its Enterprise Building Integrator (EBI) to tie these and more than 80 other third-party systems into a single interface that will help the university operate the centre more efficiently and cost effectively. UBC and Honeywell also worked to ensure CIRS is one of the most sustainable buildings in the world. The research facility was built to Leadership in Energy and Environmental Design (LEED) Platinum and Living Building Challenge certification standards, the industry’s most advanced green building benchmarks.
In addition, as a Strategic Alliance Partner, Honeywell has committed to supporting the facility and UBC’s research efforts over the next five years. This will include ongoing product development, as well as collaborating with the university to test new building technology.
For more information, read the press release or visit Honeywell’s Sustainable Opportunity website.
Posted on Wednesday, November 9, 2011
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