subscribe
back issues
reprints
contact us
Wealth in Perspective
Wealth Management
Thought Leaders
Money and Meaning
Passion Investments
Wealth Management Sourcebook
Multifamily Office 2008
Previous Issues Index
/ Home / Editorial / Thought Leaders / Politics & Policy /
Opportunities & Exposures: Environment
Environmental Equity
Richard W. Pombo
03/01/2006

Opponents argue my bill removes the law’s regulatory hammer that ensures property owners will "voluntarily" hand over lands needed for habitat. Property owners forced to give up use of some of their property are hardly doing something voluntarily. These regulatory takings have created the unintended and adverse consequence of putting property owners and species at odds. This often leads to the "shoot, shovel and shut up" syndrome that spurs landowners to destroy habitat out of fear of regulatory takings.

Those wedded to the current failed endangered species program disingenuously label compensating property owners as a cash cow for developers. This is hardly the case. The Congressional Budget Office estimated that this TESRA provision would cost less than $10 million over the next five years, a rounding error in Washington terms.

Those who will ultimately benefit from TESRA’s compensation provision are small landowners–family farmers and mom-and-pop ranchers. Species will benefit, too. When we eliminate the threat of lost property value, we can actively attract owners of valuable habitat to species recovery efforts. When that happens, the endangered species list will stop serving as the hotel where species check in, but never check out.

Rep. Richard W. Pombo (R-Calif.) is chairman of the House Resources Committee.

1 | 2 |
Printer Friendly Version  Email a Friend


Related Articles
» Money for Nothing?
» Natural Progression
» Going Green With 1031 Exchanges
» Of Ways and Rights
» Of Ways and Rights
 
Get a FREE ISSUE and a FREE GIFT

Simply fill out this form to receive a complimentary issue of Worth and a FREE gift ("The top 25 Questions for Your Private Banker"). If you like the magazine, you’ll pay just $36 for 5 more issues (6 in all). If it’s not for you, you can return your invoice marked "cancel", and owe nothing. The FREE issue and FREE gift are yours to keep.
Name
Address
Canadian orders click here
International orders click here

Unsubscribe from subscription emails click here
 



Family Office Wealth Conference