Wall Street Hedge

Sunday, January 17, 2021
Log in
  • Home
  • Nation & Politics
  • Financial News
  • Technology & Research
  • Lifestyle & Health
    • Latest News
      • Business
      • Nature
      • Science
      • World
      • VA Hospitals Are Still Under Investigation for Suspected Drug Thefts

NY Governor Andrew Cuomo bans hydraulic fracturing on health concern

By Leave a Comment

rig-wind-river-537x358

The hydraulic fracturing was banned in New York after a long-awaited report showed that the extraction methods of oil and gas poses serious health risks, the state administration said on Wednesday.

Addressing a cabinet meeting, New York Environmental Commissioner Joseph Martens said that he will be issuing an order early 2015 to ban fracking. The hydraulic fracturing has been under a moratorium since 2008.

Currently, the state of Vermont has only completely prohibited fracking and if New York also issues a same order then they will be the only two states in the US to say no to the oil and gas extraction.

With the decision, the rigorous debate over the benefits and pitfalls of fracking in New York has finally come to an end.

Fracking is a process that involves pumping water, chemicals and sand into a well to extract oil or gas.

Meanwhile, many came in support of the decision arguing it was too dangerous, while several others considered the gas drilling as a key resource of economic activity.

NY health commissioner Howard Zucker said there is not enough scientific evidence concluding that fracking is safe.

“The potential risks are too great, in fact not even fully known, and relying on the limited data presently available would be negligent on my part,” Zucker said.

The oil and gas industry strongly criticized Governor Andrew Cuomo for the decision. But the environmental groups hailed the Governor’s decision over the issue.

 

Share this:

  • Tweet
  • Share on Tumblr

Filed Under: Nation & Politics Tagged With: fracking, gas extraction, Governor Andrew Cuomo, hydraulic fracturing, Joseph Martens, New York Environmental Commissioner, New York fracking, oil extraction, Vermont fracking

Leave a Reply Cancel reply

You must be logged in to post a comment.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 15 other subscribers

Recent Articles

AXA building in Wiesbaden, Germany.

Insurer AXA To Buy XL Group For $15 Billion

By Leave a Comment

New York Stock Exchange on Wall Street.

Wall Street Comes Out Intact As Global Stock Rise

By Leave a Comment

Ryanair profits are up despite threats of pilot strike.

Ryanair Profits Are Up But A New Pilot Strike May Be Around The Corner

By Leave a Comment

Bitcoin bubble may burst, analysts speculate.

Bitcoin Bubble Shows Signs Of Bursting

By Leave a Comment

One percent amassed 82 percent of the world's fortune last year.

82 Percent Of The World’s Wealth Went To The One Percent In 2017, According To Oxfam Report (Report)

By Leave a Comment

Morgan Stanley will be hit with a $1.25 billion charge as part of the new Republican tax cut.

Morgan Stanley To Be Hit With $1.25 Billion Charge From Republican Tax Reform

By Leave a Comment

General Electric Laboratory

High Demand For Renewable Forces General Electric To Slash 12 Thousand Jobs Worldwide

By Leave a Comment

Cryptocurrency bitcoin coins

Cryptocurrency Is Worth More Than JPMorgan, Bitcoin Raises Concerns

By Leave a Comment

Computer circuit board

Chipmaker Company, Marvell Technology, to Buy its Rival Cavium in $6 billion Deal

By Leave a Comment

Thanksgiving dinner

Thanksgiving Dinner Will Cost Less This Year as Food Gets Cheaper

By Leave a Comment

Doctors in surgery

Vermont Is Preparing New Health Care System

By Leave a Comment

Saudi Arabia’s capital city Riyadh

Saudi Arabia Has Just Bought Huge Stake in Uber

By Leave a Comment

No Agreement Yet on the Trans-Pacific Partnership

By Leave a Comment

Samsung Shareholders Approve Deal Which Sees Lee Family Gain More Control

By Leave a Comment

Related Articles

  • mental health written on wooden pieces

    Young People Should be Taught How to Cope with Mental Health Problems

  • doctor analyzing brain injuries

    Childhood Brain Injuries Could Lead to ADHD

  • Protest signs that favor immigrants.

    America No Longer Made Up of Immigrants, As USCIS Updates Mission Statement

  • President Trump at a rally.

    President Trump Reportedly Asked James Comey To Publicly Exonerate Him In The Russia Probe

  • Hasbro reported low sales due to cooling interest in Star Wars.

    Hasbro Toy Sales Took A Dive As Star Wars Craze Loses Steam

  • Fujifilm takes over Xerox Corp.

    Fujifilm To Acquire Xerox And Create Joint Venture In $6.1 Billion Deal

  • Netflix took a charge of $39 million for abandoning projects related to Kevin Spacey.

    Kevin Spacey Controversy Cost Netflix $39 Million

  • Republican tax bill drove a wedge between US citizens and the GOP., poll shows.

    Poll Suggests The Republican Tax Bill Made The GOP More Unpopular

  • Steve Bannon takes back accusation of Donald Trump Jr. being "unpatriotic" and "traitorous".

    Steve Bannon Apologizes For Accusing Donald Trump Jr. of “Treasonous” Behaviour

  • Donald Trump Jr. speaking at a rally.

    Donald Trump Jr. Questioned for 8 Hours About Russia Meetings By House Intelligence Commitee

Categories

  • Business
  • Entertainment
  • Financial News
  • Lifestyle & Health
  • Nation & Politics
  • National News
  • Nature
  • Science
  • Technology & Research
  • World

Copyright © 2021 WallStreetHedge.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.