The move, which came after months of steadily more ominous threats and a downgrade of Nassau's debt by a credit-rating agency in November, turns the oversight board into a control board, with vast power to rewrite the county's budget and veto labor contracts, borrowings and other important financial commitments.
Lord said that the significant financial commitment from an important agency like IPG creates "that impetus in the marketplace" that can push broader shifts in the industry.
But arguably more important than his financial commitment has been the specificity of where he directs his money.
Kurt Beck, premier of Rhineland-Palatinate, and his economics minister Hendrik Hering, said in a statement the "substantial increase in G.M.'s financial commitment is an important step toward a sustainable future and meets our demand".
Graham van't Hoff, Shell's executive vice president for carbon dioxide and alternative energies, said in an interview that it was important that Canada make a large financial commitment because "there is not yet the economic justification on this scale of abatement".
Third, government financial commitment was significant, not only the rhetoric in Parliament or at press conferences.
The combination of the biological inventory and the financial commitment "is one of the most important conservation initiatives I can remember," said Jamie Rappaport Clark, the director of the United States Fish and Wildlife Service, which administers the Endangered Species Act.
Also, it is important to know that the graduate program should show a financial commitment to you irrespective of how many minority fellowships you may be eligible for.
Clearly, with our largest financial commitment likely to be a mortgage, it is important for us to have an understanding of the financials behind our home ownership, and house price indices can help with that.
While synagogue membership and joining a congregation is important, many unaffiliated people are not yet ready to make that financial commitment before attending.
