All Research

All Research

Comment Letter to DOL on ‘fiduciary Duties Regarding Proxy Voting and Shareholder Rights’
Article
American Enterprise Institute

Comment Letter to DOL on ‘fiduciary Duties Regarding Proxy Voting and Shareholder Rights’

This comment letter responds to a request from the Employee Benefits Security Administration, U.S. Department of Labor, for comments on its proposed rule “Fiduciary Duties Regarding Proxy Voting and Shareholder…

An Alaska Energy Tax Proposal Meant to Shoot Alaska in the Foot
Article
RealClearMarkets

An Alaska Energy Tax Proposal Meant to Shoot Alaska in the Foot

When proponents of a tax increase resort to the age-old argument that it is justified because those prospectively subject to it are paying less than their “fair share,” observers safely…

The Trump Administration Reforms Obama’s Misguided Methane Emissions Rule
Article
National Review

The Trump Administration Reforms Obama’s Misguided Methane Emissions Rule

Let the hysteria begin. The Trump administration has finalized a reform of the federal rules on emissions of methane, the major component of natural gas, from oil and gas production. The existing rules were implemented by the…

What the US Can Learn from a Huge Oil Discovery in Guyana
Article
RealClearMarkets

What the US Can Learn from a Huge Oil Discovery in Guyana

The Trump administration proposed last month a reform of the regulations implementing the requirements of the National Environmental Policy Act, for decades a source of massive delay and cost increases for federal projects, yielding actual environmental harm because of…

Environmentalists Should Not Oppose Natural Gas
Article
National Review

Environmentalists Should Not Oppose Natural Gas

Opposition to infrastructure investment for the production and transport of conventional energy is de rigueur on the environmentalist left, a stance widely justified as an important bulwark for the protection of…

Joe Stiglitz Reviews Bjorn Lomborg’s New Book
Article
American Enterprise Institute

Joe Stiglitz Reviews Bjorn Lomborg’s New Book

In a recent New York Times review of Bjorn Lomborg’s new book, “False Alarm: How Climate Change Panic Costs Us Trillions, Hurts the Poor, and Fails to Fix the Planet” (Basic Books,…

Comment Letter to EPA on Transparency Rule for New Regulations Under the Clean Air Act
Article
American Enterprise Institute

Comment Letter to EPA on Transparency Rule for New Regulations Under the Clean Air Act

This comment letter responds to a request from the Environmental Protection Agency for comments on its June 11 proposed rule “Increasing Consistency and Transparency in Considering Benefits and Costs in…

Comment Letter to DOL on ‘financial Factors in Selecting Plan Investments’
Article
American Enterprise Institute

Comment Letter to DOL on ‘financial Factors in Selecting Plan Investments’

This comment letter responds to a request from the Employee Benefits Security Administration, U.S. Department of Labor, for comments on its June 30 proposed rule “Financial Factors in Selecting Plan…

Proxy Advisory Firms and the Need for SEC Protection of Investors’ Fiduciary Interests
Article
National Review

Proxy Advisory Firms and the Need for SEC Protection of Investors’ Fiduciary Interests

Opportunities to spend other people’s money are addicting, an eternal truth that now has emerged in full force in the context of corporate governance. Large, publicly-owned businesses, and public-pension funds managing…

Litigation Against Fossil Fuel Producers Is an Obnoxious Money Chase
Article
RealClearMarkets

Litigation Against Fossil Fuel Producers Is an Obnoxious Money Chase

I betray no secret when I report that the modern litigation drive against the fossil-fuel industry is oriented overwhelmingly toward the age-old money chase rather than a concern with environmental…

The American Economic Association Turns Toward Wokeness
Article

The American Economic Association Turns Toward Wokeness

In a recent Statement distributed to the membership of the American Economic Association, the Executive Committee led by AEA President Janet Yellen condemned killings of black people by police, violent racism, and…

Toward Serious Reform of Benefit/cost Analysis Under the Clean Air Act
Article
RealClearMarkets

Toward Serious Reform of Benefit/cost Analysis Under the Clean Air Act

The Environmental Protection Agency has published and solicited public comments on its draft rule reforming the benefit/cost analytic methodology applied to new regulations promulgated under the Clean Air Act (CAA). However boring…

The PREPA Debt Deal and the Future of Puerto Rico Creditworthiness
Article
RealClearMarkets

The PREPA Debt Deal and the Future of Puerto Rico Creditworthiness

There are no free lunches, an eternal truth that does not bode well for the years-long efforts of public officials in Puerto Rico to avoid the realities attendant upon the…

Blackrock Discovers the Joy of Other People’s Money
Article
RealClearMarkets

Blackrock Discovers the Joy of Other People’s Money

While genuflecting to its fiduciary responsibility to “promote long-term value” for those whose assets it is managing, Blackrock—the largest asset manager in the world—has announced in the form of a…

Can We Tackle Both Climate Change and Covid-19 Recovery?
Article
Financial Times

Can We Tackle Both Climate Change and Covid-19 Recovery?

No — Carbon taxes and green policies harm economic growth and jobs The close relationships between real gross domestic product, employment and energy consumption for both less and more developed…