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by benjaminjackman 3418 days ago
> As far as I understand it, the pipeline being fought over symbolically rather than for reasons that make analytic sense. If there's an environmental argument, it's that the pipeline will make using shale sands oil from Canada cheaper which is a Bad Thing because we use more stuff when it's cheaper. > The correct approach would be to make fees and penalties for environmental impact higher (carbon tax, EPA able to levy big fines for oil spills, etc.) and then let the market figure it out rather than fight like crazy over specific cases.

I think you are totally correct, except that the `correct approach` only works if you have a functioning and independent (of the regulated) regulatory system able to assess the impact, and levy taxes, fees, and fines to price in all the externalities.

Defunding / freezing these agencies certainly doesn't help their ability to function, and funding the campaigns of (or challengers in the primaries of if need be) the regulators as well as having sympathetic people placed at the top of the regulatory enforcement agencies destroys independence.