Month: July 2010
FHFA strangles PACE clean energy financing program
Yesterday, the Federal Housing Finance Administration, the agency that regulates bankrupt mortgage insurers Fannie Mae and Freddie Mac, issued a letter effectively destroying the promising energy efficiency and renewable energy financing program called Property Assessed Clean Energy (PACE). I blogged about Fannie and Freddie’s lender letters on the PACE program a few weeks ago. PACE …
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CONTINUE READINGEnvironmental Property Rights: Part II
The previous post in this series introduced the idea of environmental property rights. There are a surprising number of EPRs. A complete listing would include at least nine kinds of EPRs: In addition to the public trust doctrine and tradable permits (which were discussed in the first part of the series), here are seven more: …
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CONTINUE READINGLegislative response to the Deepwater Horizon disaster
What’s happening in Congress since the Deepwater Horizon tragedy and the gusher that followed? There have been a lot of hearings, and a lot of bills introduced. Several are moving ahead. One has become law, one has been passed by the full House, and two have been reported out of Senate committees. 1) Both houses …
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CONTINUE READINGAnti-AB 32 Campaign Should Be Interesting
The ballot initiative to suspend the implementation of California’s landmark greenhouse gas legislation — which qualified for the ballot last week — should garner huge amounts of attention and spur job growth at least in the world of ballot campaigns. The California Public Policy Institute is predicting that proponents and opponents of the initiative (which …
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CONTINUE READINGAnother information gap in the Gulf
As the Washington Post points out today, BP’s Regional Oil Spill Response Plan (large file) for the Gulf of Mexico was, like the NEPA analysis and the ESA analysis, wildly over-optimistic. The Response Plan is more realistic than the NEPA documents with respect to the possibilities. It does include worst case scenarios (Appendix H). The …
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CONTINUE READINGMayor Villaraigosa Betrays Environmentalism AGAIN
A few days ago, I noted that Los Angeles Mayor Antonio Villaraigosa likes to talk a good game when it comes to Greening the city, but conveniently abandons plans when they become politically difficult or require anything like a normal attention span. I was more right than I thought. I mentioned that the Mayor had …
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CONTINUE READINGEnvironmental Property Rights: Part I
This is the first of a four part series on environmental property rights (EPRs). EPRs are property rights that are designed to help protect the environment. They are either rights to prevent environmental degradation or limited rights to impair the environment. A couple of examples may help explain the concept. 1. The Public Trust Doctrine. …
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CONTINUE READINGSome Thoughts About “The Pursuit of Happiness”
Without ever really stopping to think about it, I always assumed that the right to the pursuit of happiness meant freedom from governmental restrictions on your activities. (Since Thomas Jefferson was the author and was always extolling the life of the yeoman farmer, I guess I pictured this as the legal right to cut down …
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CONTINUE READINGDeath of a water bond?
In an about-face, Arnold Schwarzenegger and California legislative leaders have called for removal of the $11.1 billion water bond from the November ballot and trying again in 2012. The legislature agreed last fall to put the measure on the ballot as part of what was billed as a comprehensive water reform package. Now, faced with …
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CONTINUE READINGOffshore drilling and endangered species — Part 2
Cross-posted at CPRBlog. Yesterday I wrote about the shortcomings of ESA consultation on the Deepwater Horizon and other offshore oil rigs. Today I take up the implications of the spill itself under the ESA. At least one ESA lawsuit has already been filed, and at least partially resolved. The Animal Welfare Institute, Center for Biological …
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