Economy & Business

Energy Speculators Jump on Chance to Lease Public Land at Bargain Rates

"The Trump administration’s policy of encouraging more oil and gas drilling combined with a loophole in federal rules has been a boon for investors with a taste for gambling — and has drawn criticism that it is a bad deal for taxpayers."

Source: NY Times, 11/28/2018

Pollution, Prejudice And Profiteering Politicians In Birmingham, Alabama

"A bribery scandal over contamination cleanup exposes corrupt behavior from trusted leaders. Will the high-level trial and charges bring the neglected community long overdue environmental justice? "

Source: EHN, 11/27/2018

"How Trump Is Ensuring That Greenhouse Gas Emissions Will Rise"

"President Trump had a clear message Monday when asked about the core conclusion of a scientific report issued by his own administration: that climate change will batter the nation’s economy. “I don’t believe it,” he said."

Source: NY Times, 11/27/2018

Field Reporting Yields ‘Impact’ for Poaching Package

A freelancer’s coverage of the international wildlife trade won one of the Society of Environmental Journalists’ top journalism awards this year for its combination of “fearless reporting and graceful writing.” SEJournal Online talks with award-winner Rachel Nuwer about the series, the benefits of field reporting and the project’s challenges, such as securing funding, all in the latest Inside Story Q&A. And good news for Inside Story fans — the quarterly feature is now upping its frequency to bi-monthly!

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Flood Insurance Reform Remains Key Congressional Task

With flooding from hurricanes and other climate disasters becoming the new normal, badly needed flood insurance reform continues to founder in the halls of Congress. The National Flood Insurance Program is billions of dollars in debt, and aid packages are doing little to get people out of flood-prone areas. Congress watchers will keep an eye on new House leadership for insurance solutions, although politically unpalatable rate hikes swamped the big reform. This week’s TipSheet has more on the story, with leads on what to watch in 2019.

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U.S. Climate Report Warns of Damaged Environment and Shrinking Economy

"A major scientific report issued by 13 federal agencies on Friday presents the starkest warnings to date of the consequences of climate change for the United States, predicting that if significant steps are not taken to rein in global warming, the damage will knock as much as 10 percent off the size of the American economy by century’s end."

Source: NY Times, 11/26/2018

"Blowout: Inside America's Energy Gamble"

"MIDLAND, Texas — Drilling booms have come and gone in this oil town for nearly a century. But the frenzy gripping it now is different. Overwhelming. Drilling rigs tower over suburban backyards. There’s a housing crunch so severe that rents are up 30 percent in the last year alone. Tax-averse city officials raised fees this spring just to keep basic services afloat."

Source: Center for Public Integrity, 11/21/2018

"Landowners Fight the Bayou Bridge Pipeline in Court"

"Under the United States Constitution, can private fossil fuel companies legally seize private property to build oil pipelines? Do private oil pipelines that threaten sensitive ecosystems provide a real service to the public, or do they simply pad the profit margins of fossil fuel companies and their wealthy investors?"

Source: Truthout, 11/15/2018

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