When New York state banned fracking in 2015, it was a blow to the oil and gas industry. But it didn’t slow industry plans to continue to build out new oil and gas infrastructure in New York.
However, in another setback for the industry, Governor Cuomo’s administration just denied permits for the proposed Constitution pipeline — a pipeline that would have brought fracked gas from Pennsylvania into New York — which has effectively killed the project.
Pipeline giant Kinder Morgan also just announced it is shelving plans to build the natural gas pipeline known as Northeast Direct due to “inadequate capacity commitments from prospective customers.”
These two decisions were celebrated by the many concerned citizens in New York who have been fighting new oil and gas infrastructure in the state.
The UK’s largest pension company will call on the government to discuss legislative backing for clean energy investment later this year.