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June 17, 2005
When enviro-consciousness and the regulatory state collide
- Last October, New York City officials held a special auction of 27 heavily discounted taxi medallions that could be used only with cabs powered by natural gas or by a combination of gasoline and electricity.
Eighteen of the licenses were sold, at an average price of $222,743, one-third less than the cost of a regular medallion. The Taxi and Limousine Commission praised the program as a first step toward the reduction of harmful emissions.
One problem: The commission never got around to approving any alternative-fuel vehicles for use as taxicabs.
Whole story is here.
To find out what happens when enviro- consciousness collides with nanny-statism, go here.
Posted by tedb at June 17, 2005 09:16 PM
