NY Republican Candidate for Governor Wants to Reverse Frack Ban
Candidate for governor of New York State running on the Republican line, Lee Zeldin, is pushing to reverse the now-permanent ban on fracking in the state. The frack ban was enacted into law as part of a sneaky budget bill Andrew Cuomo signed in 2020 while everyone was distracted with COVID (see Cuomo PERMANENTLY Bans NY Fracking in Now-Adopted Budget). One of Zeldin’s key campaign planks is to allow fracking for natural gas (and oil) in the state. Is this possible? Or is it false hope?
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Two days ago, MDN mused over the issue of whether or not there will EVER be fracking in New York State (see 
One of the questions MDN editor Jim Willis (who lives in New York State) often gets at family gatherings and the occasional conference (when folks find out he writes about “fracking” and “shale energy”) is this: “Will New York ever get fracking?” Jim’s tongue-in-cheek answer is, “When pigs fly!” The slightly longer answer is that the ignominious politician Andrew Cuomo, while he was governor, slipped a permanent ban on fracking into law as part of the 2020 state budget bill (see 
In April the New York State Assembly passed Assembly Bill A7389C. Early Friday morning the New York State Senate, on the last day of the current session, passed the same bill, sending it to Gov. Kathy Hochul’s desk for a signature. A7389C (full copy below) slaps a two-year moratorium on cryptocurrency mining (i.e. bitcoin mining) powered by electricity generated from burning fossil fuels. Here’s how it works in New York (we’ve seen this multiple times): First comes a moratorium that lasts a year or two, then the moratorium gets extended, and eventually the moratorium turns into an outright, permanent ban. That’s how it worked with fracking, and that’s how it will work with bitcoin mining in New York, a state that has become extremely hostile to business.
Despots and dictators the world over are the same, whether it’s Vladimir Putin relabeling his naked aggression of outright war against Ukraine a “military operation,” or New York State’s so-called Climate Action Council relabeling natural gas as “fossil gas.” Tyrants seek to relabel those things they can’t control in an attempt to pressure, hoodwink, and manipulate the masses–to force others into doing what they (the tyrants) want done. The Communists who run NY state can’t convince the population to self-immolate by giving up the use of natural gas, so they’re changing the language, hoping to convince more people to go along with their harebrained plan to dump the use of all “fossil fuels.” The left’s plan is energy suicide and a majority of New Yorkers instinctively know it.
New York’s corrupt Governor, Kathy Hochul, learned well from her mentor, sexual predator (and extremely corrupt) Gov. Andrew Cuomo, when it comes to forcing her will on the citizens of New York. Cuomo snuck a permanent fracking ban into the state budget two years ago (see 
New York’s newest governor, Kathy Hochul, is following in the footsteps of her former boss, Andrew Cuomo, by pledging to block natural gas hookups for all new construction across New York State. It’s insane. Such a ban will cause even more people to leave the state (they’re already leaving in droves). And yet she and the leftist Democrats pulling her strings persist in this path of self-annihilation. Republicans in the NY State Senate have had enough and are fighting back.
Yesterday the New York State Common Retirement Fund announced it will “restrict investments” in a hit list of 21 naughty shale oil and gas producing companies. One of the companies on the naughty list is Chesapeake Energy Corp. New York State Comptroller Thomas P. DiNapoli, trustee of the Fund (far-left Democrat) who is the sole manager of the fund, said the companies on his naughty list “have failed to demonstrate they are prepared for the transition to a low-carbon economy.” However, another 21 shale companies are on DiNapoli’s nice list and he will continue to invest in those companies, including CNX Resources and EQT Corporation.
Last week Philadelphia lawyer Dan Markind, a real estate and corporate attorney who speaks and writes widely on the Marcellus, showed a connection between the developing situation of Russia invading Ukraine, and the Marcellus/Utica (see 
We hope the current and future teachers who get a pension from the New York State Teachers’ Retirement System enjoy getting less money in their golden years. Pension payments for teachers are about to go DOWN because the people managing their retirement investments have decided to divest from fossil fuel companies. Translation: The Retirement System portfolio will take a major financial hit (i.e. won’t be as profitable). The Retirement System is about to flush pension money right down the toilet.