From MotherJones:

“The fundamentals of the Obama policy were pretty simple: The taxpayer isn’t going to spend a vast amount of money to subsidize stupid things,” such as building vulnerable, flood-prone infrastructure, says Eli Lehrer, president of the R Street Institute, a group that advocates a libertarian approach to addressing climate change. “This is a terrible idea for taxpayers. Undoing it is likely to waste billions of dollars with no benefit to speak of for anybody.”

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