NY Gov. Cuomo Backs Billionaire Solar Guy Over Fracking
New York Gov. Andrew Cuomo is about to direct $750 million of taxpayer’s hard-earned money to go to Elon Musk, founder of Paypal and Tesla Motors, a man whose net worth is $11.7 BILLION. Why? It’s Cuomo’s crony capitalism move to get Musk to build a manufacturing plant near Buffalo that will produce (don’t laugh) solar panels. Can anyone say “Solyndra”? Cuomo is hoping to buy votes Upstate NY jobs with his latest sleazy move. Meanwhile, if Cuomo would only open the state for hydraulic fracturing, he wouldn’t have to spend a dime of taxpayer money to create thousands of new jobs and lift the standard of living for everyone in Upstate. Instead, he prefers to steal from already-poor taxpayers and reward the super rich. Here’s more on the latest travesty unfolding in NY…
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You know that big green Hess truck that pulls into your local Hess gas station to fill the underground storage tanks with gasoline? Neither the truck nor the gas station belong to Hess anymore. Hess has completed its transformation to a production and exploration (E&P) company only. Hess has E&P operations around the world, including an active drilling program in Ohio’s Utica Shale. Word came last week that Marathon Petroleum Corp has completed its purchase of Hess’ retail and transportation operations (gas stations and trucking)–for a whopping $2.82 billion. The purchase will allow Hess to laser focus on finding oil and gas. The burning question is, will Marathon keep the green Hess truck toys for Christmas?…
We’ve got some bad blood happening between EQT–a big Marcellus driller headquartered in Pittsburgh, PA–and the PA Dept. of Environmental Protection (DEP). The DEP has just filed a lawsuit against EQT to force the company to cough up a new record–$4.53 million in fines–for a leaky wastewater impoundment in Tioga County, PA. The fine comes a week after the anti-drilling PA Attorney General, Kathleen Kane, once again abused her office’s powers by filing criminal charges against EQT (see today’s companion story). The DEP says EQT filed for and received permission to build a freshwater impoundment at that location in 2012, but after the impoudment was built, they decided to change and use it for frack wastewater. Problem is, with a wastewater impoundment you need monitoring wells drilled around the impoundment and extra protections that were lacking because it was supposed to be used for freshwater only. EQT then built a second impoundment next to it for wastewater and did install monitoring wells, figuring those monitoring wells would cover both impoundments. The first impoundment leaked and, according to the DEP, EQT just doesn’t get how serious the problems were/are that resulted, and so they’ve slapped them with their biggest single fine ever. EQT is already fighting back both legally and with their own press release…
Last week MDN reported on the recent New York “Community Risk and Resiliency Act” signed into law by Gov. Andrew Cuomo. We raised the issue that it may be a surreptitious way of controlling shale drilling when/if it’s allowed (see
With blue capes unfurled and their Spandex tights removed from deep in the back of the closet (and it’s not even Halloween for another three weeks), the