Regulation

Trump Moves To Aggressively Protect Wall Street

February 6, 2017 Justin Sink, Elizabeth Dexheimer, and Katherine Chiglinsky, www.bloomberg.com Educate! Barack Obama, Donald Trump, Regulation, Wall Street

By Justin Sink, Elizabeth Dexheimer, and Katherine Chiglinsky for Bloomberg - President Donald Trump will order a sweeping review of the Dodd-Frank Act rules enacted in response to the 2008 financial crisis, a White House official said, signing an executive action Friday designed to significantly scale back the regulatory system put in place in 2010. Trump also will halt another of former President Barack Obama’s regulations, hated by the financial industry, that requires advisers on retirement accounts to work in the best interests of their clients. Trump’s order will give the new administration time to review the change, known as the fiduciary rule.

Trump Pushing Koch Industries’ Bill To Hobble Regulatory Agencies

January 6, 2017 Steve Horn, www.desmogblog.com Educate! Donald Trump, Koch, Koch Brothers, Regulation

By Steve Horn for Desmog Blog - The OMB pointed toward the myriad existing safeguards that already ensure regulatory agency accountability, including the federal court system, the fact that many regulatory proposals actually stem from laws passed by Congress, and the requirement for robust public commenting periods. “This radical departure from the longstanding separation of powers between the Executive and Legislative branches would delay and, in many cases, thwart implementation of statutory mandates and execution of duly-enacted laws, create business uncertainty, undermine much-needed protections of the American public, and cause unnecessary confusion,” OMB wrote in July 2015.

Trump’s Regulations Advisor Will Profit From Weak Regulations

December 26, 2016 Steve Horn, www.desmogblog.com Educate! Donald Trump, Regulation, Ruling Class, Trump Administration

By Steve Horn for Desmog - In a recent “Victory Tour” speech in Des Moines, Iowa, President-elect Donald Trump told the audience that he sought to pick a Cabinet and team of advisors composed of “people that made a fortune” because “now they’re negotiating with you, OK?” Carl Icahn, the 26th richest man on the planet according to Forbes, fits the “made a fortune” bill. Icahn, a business partner of Trump and major donor to his presidential campaign, has been named by the President-elect as his Special Advisor on Regulatory Reform. However, as recently reported by DeSmog, Icahn stands to gain directly from deregulation in the energy and environmental sphere.

Factory Farms Get Bigger, Pollution Grows; Regulators Don’t Know Where They Are

October 22, 2016 Georgina Gustin, www.insideclimatenews.org Educate! Factory Farming, pollution, Regulation

By Georgina Gustin for Inside Climate News - After Hurricane Matthew churned across North Carolina earlier this month, swollen rivers deluged poultry and swine farms, killing millions of chickens and thousands of hogs and sending potentially toxic animal waste coursing into waterways. It could take weeks or months for North Carolinians to learn the scope of the pollution or where it came from—if they ever do.

Joining Trend, NY Suspends Review Of Oil Train Terminal Permit

September 24, 2016 Zahra Hirji, www.insideclimatenews.org Resist! New York (NY), Oil & Gas, Regulation

By Zahra Hirji for Inside Climate News - New York environmental regulators have suspended their review of two proposals to renew and expand operations at a Port of Albany oil terminal until Global Partners LP addresses a laundry list of concerns over environmental, public health, safety and climate change. Officials at the state Department of Environmental Conservation (DEC) told the company in a letter on Sept. 16 it has three months to provide plans for the following...

Obama Appointed Judge Says Feds Cannot Regulate Fracking On Public Land

June 23, 2016 Timothy Cama, www.thehill.com Educate! Barack Obama, Fracking, Land, Regulation

By Timothy Cama for The Hill - A federal judge appointed by President Obama struck down the administration’s regulation on hydraulic fracturing on federal lands on Tuesday, ruling that the Interior Department does not have congressional authority to regulate fracking. The decision is a major loss for the administration, which worked for years to update its oil and natural gas drilling regulations to account for dramatic increases and innovations in fracking.

Federal Probe Of Competitive Power Ventures

May 5, 2016 Pramilla Malick and Nadine Raia, www.blog.protectorangecounty.org Resist! Corporations, Government, Power Plants, Regulation

By Pramilla Malick and Nadine Raia for Protect Orange County - Slate Hill N.Y.- The residents of Orange County have long been calling for a federal investigation into the numerous irregularities in the approval process for the CPV Valley Power Plant and related Minisink Compressor Station. (This 650 MW fracked-gas power plant is now under construction in Orange County, N.Y.) We applaud the launch of this probe and hope it serves to explain these irregularities and restore the integrity of the review process.

Money Revolution: Making Banks Public And Locally Accountable

February 26, 2016 Ellen Brown, www.ellenbrown.com Create! Banks, Regulation

By Ellen Brown for Web of Debt - The world is undergoing a populist revival. From the revolt against austerity led by the Syriza Party in Greece and the Podemos Party in Spain, to Jeremy Corbyn’s surprise victory as Labour leader in the UK, to Donald Trump’s ascendancy in the Republican polls, to Bernie Sanders’ surprisingly strong challenge to Hillary Clinton – contenders with their fingers on the popular pulse are surging ahead of their establishment rivals. Today’s populist revolt mimics an earlier one that reached its peak in the US in the 1890s.

Supreme Court Halts Clean Power Plan, Wide Implications

February 11, 2016 John H. Cushman Jr., www.insideclimatenews.org Educate! Coal, Politics, Regulation, Supreme Court

By John H. Cushman Jr. for Inside Climate News - The Supreme Court put on hold the linchpin of President Obama's climate policy, barring the Environmental Protection Agency on Tuesday from carrying out the administration's new Clean Power Plan to reduce greenhouse gas emissions from electric power plants. It was a surprising decision of staggering proportions, with repercussions that go far beyond the U.S. electrical grid, threatening the credibility of the Paris Agreement on climate change reached by the world’s nations in December.

Last Chance For Justice

February 10, 2016 Phil Angelides, www.huffingtonpost.com Organize! Banking and Finance, Crisis, Reform, Regulation

By Phil Angelides for The Huffington Post - Five years ago at this time, the Financial Crisis Inquiry Commission (FCIC) presented the President and Congress with its final report on what caused the 2008 financial meltdown that devastated our economy and millions of American families. The report concluded that the financial crisis was avoidable and was caused by widespread failures of regulation, reckless risk taking on Wall Street, and a systematic breakdown in ethics and accountability.

Faith & Global Poverty Groups Criticize TPP On Fair Global Dvlpment

May 1, 2015 Oxfam, www.oxfamamerica.org Educate! Human Rights, Non-Profits, Poverty, Regulation, TPP

“Trade can indeed spur economic growth and poverty reduction, but only if the rules actually benefit those at the lower end of the development ladder,” said Raymond C. Offenheiser, president of Oxfam America. “Although it is being negotiated in secret, what we currently know about the TPP lines up the trade deal to do exactly the opposite.” In a letter to Congress, Oxfam joined a number of faith and development organizations, including ActionAid USA, Health Alliance International, American Jewish World Service, Evangelical Lutheran Church in America, the Presbyterian Church (USA), , and NETWORK – a National Catholic Social Justice Lobby to urge for a change in course away from the current design of TPP and the Trade Promotion Authority (TPA) bill in order for US trade policy to truly serve development outcomes and reduce global poverty.

California Has About One Year Of Water Left

March 14, 2015 Jay Famiglietti, www.latimes.com Educate! California, Regulation, Water

Data from NASA satellites show that the total amount of water stored in the Sacramento and San Joaquin river basins — that is, all of the snow, river and reservoir water, water in soils and groundwater combined — was 34 million acre-feet below normal in 2014. That loss is nearly 1.5 times the capacity of Lake Mead, America's largest reservoir. Statewide, we've been dropping more than 12 million acre-feet of total water yearly since 2011. Roughly two-thirds of these losses are attributable to groundwater pumping for agricultural irrigation in the Central Valley. Farmers have little choice but to pump more groundwater during droughts, especially when their surface water allocations have been slashed 80% to 100%.

Legislators Call Out California Regulators’ Water Management

March 13, 2015 Mike Gaworecki, www.desmogblog.com Educate! California, Environment, Regulation, Water

The fallout from California officials’ failure to properly oversee the disposal of oil industry wastewater continued this week as lawmakers grilled officials with the state’s oil and gas regulatory agency for two hours while seeking assurances that they were getting the problem under control. According to the LA Times, state senators “called the agency’s historic practices corrupt, inept, and woefully mismanaged.” Senator Hannah-Beth Jackson (D-Santa Barbara), who said that reading the background materials ahead of the hearing “caused her blood pressure to soar,” per the Times, pretty much nailed it when she said, “There has been a serious imbalance between the role [of] regulating the oil and gas industry and the role of protecting the public.”

Another Obama Regulator Refuses To Regulate

March 6, 2015 David Cay Johnston, www.america.aljazeera.com Educate! Capitalism, FERC, Law, Regulation

Hardly anyone has heard of Cheryl LaFleur, but she is one of America’s most powerful government officials, entrusted with vast authority to oversee the electricity, oil and natural gas industries. She chairs the Federal Energy Regulatory Commission (FERC), a tiny government agency with only 1,500 employees. Its budget is covered not by taxpayers but by the industries it regulates. Her sworn duties include making sure charges for electricity are always just and reasonable. That means suppliers should be reasonably compensated and customers should pay reasonable prices. But she has consistently ignored this responsibility. When presented with serial indicators of unjust prices, she puts on a blindfold and sits on her hands. In a Feb. 18 letter to six senators and 13 representatives, LaFleur demonstrated beyond any doubt her fealty to electricity companies and disregard for consumers.

Regulation Of Fracking Does Not Work

January 30, 2015 Stefanie Spear, www.ecowatch.com Educate! Environment, Fracking, health, Pennsylvania, Regulation

A new report out today from Environment America Research & Policy Center shows that all types of fracking companies, from small to large, are prone to violating rules intended to protect human health and the environment. The report, Fracking Failures: Oil and Gas Industry Environmental Violations in Pennsylvania and What They Mean for the U.S., analyses Pennsylvania’s oil and gas industry over a four-year period and found that the top offenders of regulations—averaging more than one environmental violation every day—represented a wide range of companies from Fortune 500 companies like Cabot Oil, to mom-and-pop operators, to firms like Chevron.

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