Please disable your Ad Blocker to better interact with this website.

Jannah Theme License is not validated, Go to the theme options page to validate the license, You need a single license for each domain name.
EnergyGovernment PoliciesNewsVideo

How Many Jobs Will New York Lose From Gov Cuomo Fracking Ban

Will this presidential election be the most important in American history?

After years of “study,” Governor Andrew Cuomo will move forward with a ban on natural gas development through fracking. The ban will prevent an estimated 54,000 jobs from being created in the state.

The push to ban fracking – the process of injecting a combination of water, sand and chemicals into rock deposits underground to release natural gas — is the culmination of nearly seven years of advocacy spanning two governors and three environmental conservation commissioners. Though New York has had a fracking moratorium for years, current Gov. Andrew Cuomo rejected efforts to lift it and, instead, changed it to an all-out ban in December.

But critics charge Cuomo’s decision risks up to 54,000 fracking-related New York jobs — jobs that don’t exist now since fracking is not allowed, but could have been generated with the approval of various projects in the future.

“Right now I’m watching an amazing contradiction between what New York state has done in regards to banning natural gas development in New York state and the state’s own admission that it will lose 54,000 jobs in relation to the ban,” Rep. Tom Reed, R-N.Y., told The Evening Tribune. “When you have a federal policy that says you can do it safely and responsibly, I think we should be able to do it at the state level at the same time.”

New York’s ban will mark the first by a state that has significant amounts of natural gas.

Tom Borelli

Dr. Tom Borelli is a Newsmax TV contributor and radio commentator addressing political issues from a conservative grassroots perspective. As a columnist, he has written for The Washington Times and authored articles for Newsmax Magazine, Newsmax Insider and previously was a co-host with his wife Deneen Borelli on the SiriusXM Patriot channel. Dr. Borelli appeared on numerous television programs, including the highly ranked Fox News Channel’s “The O’Reilly Factor,” “Hannity,” “The Kelly File," and "America’s News Headquarters." He has also appeared on Fox Business Network’s “Making Money with Charles Payne” and “After the Bell” as well as TheBlaze TV’s "The Glenn Beck Program" and "Dana!" Prior to working for public policy organizations, Dr. Borelli was a managing partner with the investment advisory firm of Action Fund Management, LLC and a portfolio manager for the Free Enterprise Action Fund (FEAF) where he used shareholder activism to challenge corporations that sought to profit from the growth of government. During his 25 years with the Altria Group, Inc., he built a foundation in public policy and issues management, drawing from diverse experiences ranging from basic research to corporate affairs. Dr. Borelli served as science fellow for the U.S. House of Representatives' Committee on Science, Space, and Technology during the 100th Congress. Dr. Borelli has also published scientific papers on interferon and human leukemia.

Related Articles