Impax Asset Management Expresses Frustration Over Complexity and Delay in Implementation of Biden’s Climate Law, Leading to Enrichment of Middlemen

Washington, D.C. – Impax Asset Management, one of the world’s largest green investment managers, has expressed frustration with certain aspects of President Joe Biden’s landmark climate law. The Inflation Reduction Act, which was introduced in mid-2022, was initially touted as a game-changer, but Impax now argues that the legislation contains too many obstacles that hinder its implementation and benefit intermediaries at the expense of green projects. Charlie Donovan, senior economic adviser at Impax and a professor at the University of Washington, criticized the clean-energy tax credits of the IRA for being overly complex and not … Read more

US Appeals Court Judge Criticizes President Biden’s Water Efficiency Rules for Appliances as ‘Arbitrary and Capricious’

WASHINGTON – President Joe Biden faced a major setback in the judiciary when US Appeals Court Judge Andrew Oldham criticized his decision as “arbitrary and capricious.” This comes after 11 Republican-led states challenged alterations to rules aimed at improving the efficiency of dishwashers and washing machines. In a ruling issued on Monday, Judge Oldham questioned whether the Department of Energy (DOE) had the authority to regulate water usage in these appliances. He also raised doubts about the effectiveness of the new rules in reducing water consumption. The DOE had announced plans in March to implement … Read more

Former Burisma Lawyer Retroactively Registers as Foreign Agent, Raising Questions About Hunter Biden’s Actions

WASHINGTON (AP) — A lawyer who previously represented the head of Ukrainian energy company Burisma has retroactively registered as a foreign agent for the work he did for the company seven years ago. The registration was filed with the U.S. Department of Justice under the Foreign Agents Registration Act (FARA), which requires disclosure of work for foreign clients. John Buretta, the lawyer in question, had worked for Burisma’s co-founder Mykola Zlochevsky amid corruption investigations by the Ukrainian government and U.S. authorities. The registration from Buretta raises questions about why Hunter Biden, who also worked for … Read more

President Biden’s Historic Pardons: Correcting Racial Disparities in Nonviolent Marijuana Convictions

WASHINGTON (AP) — President Joe Biden demonstrated his use of presidential clemency power on Friday when he pardoned thousands of individuals convicted on federal land for nonviolent marijuana violations. Biden’s decision addressed the issue of racial disparities in drug prosecution and sentencing, a matter of great importance. Although criminal laws are meant to apply to all Americans equally, small amounts of cannabis possession or use have disproportionately affected Black individuals. Unequal enforcement can turn a colorblind law into an instrument of injustice. Clemency can help rectify these flaws in the criminal justice system. This marks … Read more