Governor Andrew Cuomo is instituting a de facto ban on fracking in New York state. His Administration just announced the position during a cabinet meeting in Albany, the New York Times reports:
The Cuomo administration announced Wednesday that it would ban hydraulic fracturing in New York State, ending years of uncertainty by concluding that the controversial method of extracting gas from deep underground could contaminate the state’s air and water and pose inestimable public-health risks.“I cannot support high volume hydraulic fracturing in the great state of New York,” said Howard Zucker, the acting commissioner of health.
As is the case in the production of any energy source, fracking entails risks. It also brings with it enormous economic benefits, both in terms of job creation and in measurable contributions to GDP—not to mention the depressive effect a newly abundant supply of natural gas can have on heating bills. In Cuomo’s estimation, those risks outweighed the benefits. Elsewhere in the country (and from where we’re sitting), that calculus looks remarkably different. And shortsighted.