Shale Energy Law Blog
New York Governor: Hydrofracking Alone Not Answer for Upstate Economy
August 14, 2013
During a recent radio interview, New York Governor Andrew Cuomo said that additional initiatives beyond hydrofracking, including reducing taxes and increasing tourism and manufacturing, will be required to improve the economy of Upstate New York. “If we approved hydrofracking today, that is not in and of itself going to change the trajectory of the upstate economy,” Cuomo said. Governor Cuomo also indicated that the New York Department of Health has not provided an update on its review of the potential health impacts of hydrofracking, which Cuomo previously said needs to be completed before a decision is made on lifting the state’s five-year-old moratorium.