Campaign contributions from law firms to elected officials who issue bonds and appoint lawyers and underwriters — often known as a “pay to play” system — are poison. (Perhaps the best work on this subject is a seminal speech by Arthur Levitt, former chair of the Securities and Exchange Commission, in 1997.) A campaign fundraiser for Puerto […]
Governor Ricardo Rosselló signed the law that will establish Puerto Rico’s public energy policy moving forward, which requires the progressive elimination of the use of fossil fuels as a source of power generation. To this end, the Public Energy Policy Law establishes a new timeline for the implementation of renewable energy on the island: the elimination of 20 percent of […]
The Puerto Rico Electric Power Authority’s transformation will require a strong energy policy as well as an implementation strategy that considers the island’s “complex situation.” Such was the opinion of Tomás J. Torres, executive director of the Puerto Rico Institute for a Competitive and Sustainable Economy, in testimony presented before the U.S. House of Representatives Committee […]
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