Clearly, consumers are highly motivated to save money — out of self-interest alone. But bureaucrats charged with making people act in their own self-interest are motivated by other things — like propagating rules that will justify their own existence and expand their power.
BP and five Gulf states announced a massive settlement Thursday that resolves years of legal fighting over the environmental and economic damage done by the energy giant’s oil spill in 2010.
With a decision looming, both sides of the Keystone XL pipeline debate are making last-ditch appeals to President Obama, with opponents saying the project fails the White House’s climate test and supporters arguing it’s a no-brainer that will spur U.S. energy independence and economic growth.
With Barack Obama’s legacy on health care seemingly secure after last week’s landmark Supreme Court decision, the president’s ambitious environmental agenda will come into sharper focus — but a host of legal challenges and growing defiance across the country threaten his efforts to fight climate change.
President Obama’s climate change agenda hit a roadblock at the Supreme Court on Monday, but the administration brushed aside the decision and declared victory anyway, saying most utilities already have made the pollution cuts that technically are no longer necessary in light of the high court’s ruling.