Commercial real estate giant CBRE is always on alert for shifts in federal government policy that might impact its vast property management and investment business.
But the Los Angeles-based Fortune 500 company never anticipated an effort to eliminate a voluntary, cost-effective initiative that has saved its customers millions of dollars and had almost no critics.
In a reflection of how much influence a handful of free-market think tanks wield over the White House, the Trump administration has decided the immensely popular Energy Star program must go.
The fight centers on the Environmental Protection Agency’s 25-year-old effort to boost efficiency in products and services by encouraging companies to compete for coveted, government-issued labels that certify a product or property meets high standards for saving energy and costs.
Read more (Los Angeles Times)