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Last week, President Barack Obama made good on a campaign promise by proposing to open new American waters to drilling for oil and natural gas. However, by promoting fossil-fuel usage and threatening these off-shore ocean ecosystems, he is failing to make good on protecting the environment...
Apart from the severe environmental hazards, Obama’s proposal is problematic because of the short-term solution it provides. Experts estimate that the total yield from the new drilling proposal will only provide three years of oil and about two years of natural gas, based on current consumption levels. These are paltry numbers. Nor is this, in fact, really a “solution.” The recovered oil and gas will not be available for many years, and it is possible that once the oil and gas tracts are found, extraction may be prohibitively expensive...
...guess that’s going to fall on mayors to say that you are going to be willing to take a hit in the public eye if something doesn’t work,” said Landrieu, who is also mayor-elect of New Orleans. “When it gets to be a bad thing to fail, that’s when we’re going to stop innovating...
Landrieu joined Deputy Mayor of New York City Linda I. Gibbs, Senior Advisor for Social Innovation in the White House Michele Jolin, and President of the United Negro College Fund Michael L. Lomax in a panel moderated by Harvard Kennedy School professor Stephen Goldsmith...
Gibbs said she uses this model of risk-taking in her work, adding that of the 40 pilot programs begun under New York City Mayor Michael Bloomberg’s $200 million social innovation fund, six have been integrated into the budget, while eight or nine have been retired...