COST BENEFIT ANALYSIS
If we are to stay below the 2°C temperature rise, we have to reverse this sense of inevitability, whether it is in the guise of pragmatism or complacency. To aggressively pursue a low-carbon economy, the Keystone XL pipeline is not just as good a place to start as any, but better. It is an infrastructure project -- yesterday's infrastructure.
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Unfortunately for Chair White, her predecessors' mishandling of the JOBS Act rulemaking to lift the ban on general solicitation in private offerings has left her with an uncomfortable choice between speeding implementation of that rule and ignoring her commitment to follow the economic analysis guidelines.