Flood policy expert Eli Lehrer, president of the libertarian R Street Institute who has been critical of many other Obama initiatives, agreed that revoking this order will end up costing taxpayers money.

"The Trump administration is acting very rashly in part out of the desire to undo a climate measure under the Obama administration," he said. "This is an enormous mistake that is disastrous for taxpayers. The rule would have saved billions of dollars over time."

This article was provided by Reuters.

First « 1 2 » Next