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Wetland Loss Could Cost Michiganders Billions In Flood Damage: New Report

"After the loss of key federal wetlands protections in 2023, scientists are warning the damage this change could bring to wetlands would also bring billions of dollars of flood damage with it. According to a report from the Union of Concerned Scientists, there are 30 million acres of wetlands across the upper Midwestern United States providing crucial flood prevention benefits, whose loss could potentially cost the region more than $22 billion annually."

Source: Michigan Advance, 12/09/2024

"Lee Zeldin Didn’t Ask To Head EPA. Here’s Why Trump Picked Him."

"When he served as a Republican congressman from New York, Lee Zeldin delighted environmentalists by championing efforts to protect critical wildlife habitat from potential development efforts, including a golf course proposed by Donald Trump." "Now, as Trump’s pick to lead the Environmental Protection Agency, Zeldin is pledging to deliver on the president-elect’s promise to eliminate several environmental regulations that the fossil fuel industry views as burdensome, according to half a dozen Senate Republicans who met with Zeldin this week."

Source: Washington Post, 12/09/2024

"The Climate Risk to the Mortgage System"

"As sea levels rise and natural disasters become more intense, homes in low-lying coastal areas or tinder-dry mountains are starting to lose value. That’s a problem for the finances of Fannie Mae and Freddie Mac, the government-sponsored enterprises that back half of the nation’s outstanding mortgages — and keep the residential real estate market liquid by buying mortgages from banks and repackaging them into securities."

Source: NYTimes, 12/09/2024

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