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ARTICLE · 23 NOVEMBER 2015

Coming Soon To A Project Near You: Advance Compensation

Earlier this month, the White House released a Presidential Memorandum on "Mitigating Impacts on Natural Resources from Development and Encouraging Related Private Investment."

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Earlier this month, the White House released a Presidential Memorandum on "Mitigating Impacts on Natural Resources from Development and Encouraging Related Private Investment."  If that portentous title isn't enough to make developers quiver in their boots, how about this first line?

We all have a moral obligation to the next generation to leave America's natural resources in better condition than when we inherited them.

From this beginning, the PM goes on to make clear that federal agencies have an obligation to avoid and mitigate the potential adverse impacts of projects that they either implement or permit.  More specifically,

  • "Agencies' mitigation policies should establish a net benefit goal or, at a minimum a no net loss goal...", and

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