Use environmental impact 'bank' to fund coast restoration, congressman says
by Mark Schleifstein at NOLA.com | The Times-Picayune
Why not allow industries, governmental agencies and individuals to pay money into an "environmental impact bank" to offset the effects of construction projects on wetlands, wildlife, and even the effects of oil spills, with the bank using the money to fund major federal and state restoration projects?
That's the idea U.S. Rep. Garret Graves, R-B.R., has succeeded in inserting into the House version of the proposed 2016 Water Resources Development Act, now wending its way through Congress. The bill, including Graves' amendment, was approved by the House Transportation and Infrastructure Committee on Tuesday. Read more here.