Regulation and Environment

摘要

Pop quiz: What factors can President Obama consider when deciding whether to issue a permit for the Keystone XL pipeline? a) Environmental issues, including the impact of oil sands development on the climate. b) The relative safety of transporting heavy crude by rail versus pipeline. c) Maintaining good relations with Canada, one of our most important trading partners. d) The odds of the New York Mets making the baseball playoffs this year. The surprising answer is “all of the above.” Surprise again: the correct answer could also be “none of the above.”