Economics - TX

Stalled cars and rescue vehicles on a flooded section of Interstate 610 in Houston on Aug. 27.  ALYSSA SCHUKAR

CLICK HERE - BiPartisan Budget Act of 2018 (Public Law 115-123) - Long Term Disaster Recovery Investment Plan - Construction Account - As of July 5, 2018 (2 page .PDF file)

bizjournals.com - by Olivia Pulsinelli - July 6, 2018

The U.S. Army Corps of Engineers announced July 5 how it will allocate billions of dollars for more flood-mitigation efforts. 

Of the allocations announced July 5, the largest portion is more than $13.9 billion for the construction of nearly 60 projects to reduce damage from floods and storms across multiple states and Puerto Rico.

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Orange County, Texas - see page 11 in the 75 page report within the link below.  It describes the proposed construction for the levee in Orange County and includes a map showing the placement of the proposed levee.

This map depicts the general location of the sixteen weather and climate disasters assessed to cause at least one billion dollars in direct damages during 2017.

climate.gov - by Adam B. Smith - January 8, 2018

NOAA’s National Centers for Environmental Information (NCEI) tracks U.S. weather and climate events that have great economic and societal impacts (www.ncdc.noaa.gov/billions). Since 1980, the U.S. has sustained 219 weather and climate disasters where the overall damage costs reached or exceeded $1 billion (including adjustments based on the Consumer Price Index, as of December 2017). The cumulative costs for these 219 events exceed $1.5 trillion.

During 2017, the U.S. experienced a historic year of weather and climate disasters.  In total, the U.S. was impacted by 16 separate billion-dollar disaster events including: three tropical cyclones, eight severe storms, two inland floods, a crop freeze, drought and wildfire.

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Members of the Wyoming Hot Shots firefighting crew battling the Lizard Fire near Willcox, Ariz., in June. Credit Kyle Miller/Wyoming Hot Shots, via Associated Press

CLICK HERE - U.S. GAO - CLIMATE CHANGE: Information on Potential Economic Effects Could Help Guide Federal Efforts to Reduce Fiscal Exposure

nytimes.com - by Lisa Friedman - October 23, 2017

WASHINGTON — Fires, floods and hurricanes are already costing the federal government tens of billions of dollars a year and climate change will drive those costs ever higher in coming years, a new federal study warns.

The report by the Government Accountability Office, Congress’s auditing arm, urges the Trump administration to take climate change risks seriously and begin formulating a response.

The study, scheduled to be released Tuesday, says that different sectors of the economy and different parts of the country will be harmed in ways that are difficult to predict.

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Image: A vessel, the Signet Enterprise, sinking on Saturday near Port Aransas, Tex.; its crew was rescued. The narrow shipping channel near Port Aransas may be the most threatened choke point on the Gulf Coast. Credit U.S. Coast Guard, via Getty Images

nytimes.com - Clifford Krauss and Hiroko Tabuchi - August 29th 2017

For years, much of the nation’s refinery capacity and chemical production have been concentrated along the swamps and narrow inlets of the Gulf of Mexico, risking devastation in a monster storm.

The pounding being endured by coastal Texas will probably be the biggest test of that risk so far, and energy experts say it raises questions about the area’s role as a hub for such crucial and environmentally sensitive industries.