President Obama and his administration are bracing themselves from a Republican controlled Congress in wake of his FY 2016 budget which will see heavy investment in clean energy industries. “In addition to some $7.4 billion in research and development funding for clean energy and climate science, President Obama’s fiscal year 2016 budget — a nearly $4 trillion… Keep reading →
Fracking received much attention and debate in the fourth quarter. Fracking is the process of injecting large amounts of water, sand and chemicals into the ground at high pressures in order to release oil and natural gas into underground rock formations.
The NY State Assembly voted to enact legislation that would extend the moratorium on high volume hydraulic fracturing until 2015, aiming to facilitate additional health and environmental impact assessments.
On March 6, 2013, the New York State Assembly passed a bill to further suspend issuance of permits for high volume hydraulic fracturing until May 15, 2015. The bill passed with a vote of 95-40 and marks the Assembly’s third moratorium, following similar measures in 2010 and 2011. The industry currently awaits the release of DEC’s Supplemental Generic Environmental Impact Statement (SGEIS) and a subsequent ruling for permit issuance. Keep reading →
Fracking Hysteria (Op-Ed)
By Michael LynchOpposition to hydraulic fracturing of shales has become ‘hip’, embraced by students, long-time activists and the usual Hollywood suspects. Unfortunately, this generates a lot more noise than signal, as claims ranging from false to outrageous get the most attention. Politicians regularly respond to hysteria, but frequently with gestures and profound announcements of concern, and only… Keep reading →