Can Congress Finally Reform NEPA?

A bipartisan bill would fix the main obstacle to faster U.S. projects.

WSJ editorial. Excerpts:

"Federal agencies take an average of 4.5 years to approve environmental impact statements"

"Environmental Quality, and an environmental review can add more than $4 million to project costs. Lawsuits challenging the reviews force companies to revise projects multiple times, tying up capital companies are ready to deploy."

"“The unrealized returns on projects in the permitting pipeline amount to $100 billion to $140 billion each year,” McKinsey found in a July study."

"Lawsuits filed under NEPA and a review process lifted the pipeline’s [the Atlantic Coast Pipeline] cost to $8 billion from $4.5 billion."