A federal court in San Francisco has rejected the Trump administration’s 2017 decision to delist the grizzly bear as a threatened species under the Endangered Species Act. Free market environmentalists had argued that the grizzlies in three states around Yellowstone National Park had made a substantial recovery, and control should be returned to the states.
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American Prairie Reserve: Free Market Environmentalism or “Political Land”?
It’s a spectacularly romantic idea—returning a large swathe of western grazing land to prairie land, with bison, elk, cougars, prairie dogs, grouse, and other wildlife. That’s the goal of the American Prairie Reserve, whose owners hope to create open prairie and wildlife range extending over 3.2 million acres in northeastern Montana. “We want to restore…
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Endangered Species Parks Wildlife Property Rights Environmental Management Climate Change Global Warming Federal Management Habitat Hunting Pollution Water Regulation Energy
Can Banks Refuse Oil and Gas Customers?
The Office of the Comptroller of the Currency (OCC) has issued a regulation that would prevent banks from refusing to fund legal activities that they disapprove of, such as oil and gas drilling. During the past year, several major banks, including Bank of America, Goldman Sachs, J. P. Morgan, and others, announced they will not…
The Challenge of Private “Seasteading”
By Greg Rehmke. This is a guest post by Greg Rehmke, program director of Economic Thinking, an organization that fosters better understanding of economic principles. Natural coral and oyster reefs around the world are considered “rainforests of the oceans,” home to rich and diverse ecosystems. Shipwrecks, offshore oil platforms, and artificial reefs teem with species…
A Property Rights Solution to Endangered Salmon
Writing for PERC, R. David Simpson gives an intriguing example of salmon preservation: Native American tribes in Oregon considered bidding on a dam license (to change its operations in ways that would protect salmon). The result: a productive relationship with the dam owners—a cooperative effort to protect salmon. Here is an excerpt from Simpson’s paper:…
Why Should We Endorse Trump’s NEPA Reforms?
By H. Sterling Burnett You may have heard that the Trump administration is proposing changes in the 50-year-old National Environmental Policy Act (NEPA), which mandates federal regulatory environmental oversight of major infrastructure projects. These changes are appropriate and overdue. Here’s why. NEPA requires federal agencies to assess the environmental effects of their proposed actions before…