ALBANY, N.Y. (AP) — The trustee of New York's $150.1 billion pension fund has reached an agreement with Cabot Oil and Gas Corp. to disclose what it's doing to reduce risks of hydraulic fracturing, or fracking.
State Comptroller Thomas DiNapoli says Tuesday that Cabot has agreed to publicly disclose its policy and procedures for eliminating or minimizing the use of toxic substances in fracking fluids. In turn, DiNapoli has withdrawn his shareholder proposal submitted for the company's 2013 proxy statement to demand such disclosure.
An anti-fracking group has released results of a study that finds New York State is backlogged when it comes to inspecting existing gas wells - the paper says that the New York State department of Environmental Conservation wouldn't be able to make additional inspections that would be required should Hydrofracking be allowed - even if the practice is limited to just a few counties.
The propsed 120-mile long "Constitution Pipeline" would transport natural gas produced by hydrofracking in Northern Pennsylvania to a terminal in the town of Wright, Schoharie County, where it would then be sent on to existing lines in the area. Hudson Valley Bureau Chief Dave Lucas has an update on the project.
During a press conference earlier this week, Senator James Seward and Assemblyman Pete Lopez expressed support for an alternate route for the pipeline which would follow the I-88 corridor.
The Ulster County Executive sends a message to the gas industry. Hudson Valley Bureau Chief Dave Lucas reports Mike Hein has taken a stand against hydrofracking "brine" ---
Brine is a concoction of substances sprayed on roadways in winter as a de-icer, in summer as a way of keeping down dust. The practice began several years ago - in Pennsylvania. Ulster County Executive Mike Hein wants to be sure NO brine is spread on local roadways.