By the 1980s, the impact of environmental regulation in the United States started to bear fruit. We saw the GDP grow and the absolute levels of pollution start to decrease. For the most part, those trends have continued ever since. We have learned that we can grow our economy without destroying our natural resources.
America became the world’s largest oil producer in 2014. “It was (1) pro-market policies at the state and local level, combined with (2) revolutionary technologies like horizontal drilling and hydraulic fracturing, and (3) good old American entrepreneurship/risk-taking that upended the energy patch.”
The measure passed 58-40. Negotiations between the House and Senate are now expected. Some of the key components of the bill include ensuring the state’s Department of Ecology and first responders have a one-week notice on shipments; increasing fees on oil, vessels and pipelines to pay for spill response contingency plans.