In: Economics
You are a senior adviser to the EPA. You have been assigned the task of creating an oversight board which will be in charge of the creation and enforcement of regulations relating to mining. Your plan calls for the appointment of ten (10) members. To attract the best possible board members you are considering adding a provision that no member may be terminated except "only for good cause." What are the arguments both for and against the "only for good cause" provision.
An environmental protection organization is concerned about a plan by a private company to strip mine a valley and forested area in your state which is home to eighteen species of mammals and birds some of which have previously been designated endangered species. They have retained experts who have submitted opinions to the board you have created. The opinions argue that the mining plans will cause extinction of a least one of the bird species and cause the loss of 10,000 acres of outdoor recreation opportunity. The board rules in favor of the mining company.
What are the rights of the environmental protection organization? What are the rights of the private mining company? What further legal options are available to the environmental protection organization? What further legal options are available to the private mining company?