“With this change, we’re back to the ‘shoot, shovel, and shut up’ status quo.” (PERC Tweet). A federal district court in California has vacated Trump-administration rules designed to make the Endangered Species Act more fair and effective. The most important rule dealt with the treatment of threatened species, which are species that are not yet…
Search Results for: regulation
Why the Supreme Court Reined in the EPA
On June 30 the Supreme Court, by a 6-3 vote, decided that the Environmental Protection Agency’s Clean Power Plan, a major change in the way carbon dioxide from power plants would be regulated, had exceeded the agency’s authority. (The plan had not gone into effect, partly because of multiple legal challenges, which ended on Thursday.)…
Biden’s Plans for Infrastructure Ring Hollow, Thanks to New NEPA Rules
President Biden is tightening up the environmental reviews for major projects—thus weakening the infrastructure act he appears to be so proud of. The White House Council of Environmental Quality has just issued new rules for assessing major projects under the 1969 NEPA (National Environmental Policy Act). The rules end President Trump’s relaxation of regulation and…
Banker Wakes Up the ‘Woke’ on Climate Change. He May Lose His Job.
“Climate change is not a financial risk that we should worry about,” said Stuart Kirk, a responsible-investing executive of HBSC, one of the world’s largest banking and investment houses last week. He spoke at the “Moral Money” conference in London sponsored by the Financial Times. According to British sources, he was suspended from his job…
Cap-and-trade? Yes. Government Overreach? Probably.
The Biden administration plans to require power plants in 26 states to further reduce their emissions of nitrogen oxides. The draft plan will introduce a cap-and-trade program so utilities can trade their emission rights—a policy designed to reduce costs. Even so, says Sean Riley of Greenwire, the cost will be $1.1 billion by 2026; benefits,…
How Much Did Biden’s Energy Policies Add to Family Expenses?
“The average U.S. household in 2021 spent an extra $600 in higher gasoline costs and $70 in higher electricity costs due to the Biden administration’s energy policies,” write Linnea Lueken and James Taylor for the Heartland Institute. And that’s not all. “Further, households that use natural gas spent an extra $300, on average, and those…