Currents - Energy Industry Insights - February 2019 #3

William Herlihy, Nicholas Preservati
Spilman Thomas & Battle, PLLC
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NY Natural Gas Moratorium Due to Lack of Pipelines, but Some in Denial -

"The slowing of economic development resulting from New York's political actions is a testament to what happens when energy becomes politicized."

Why this is important: The constant opposition to the production and transportation of clean burning natural gas by New York reveals an economic reality of the Green New Deal. The aspirations of politicians and environmental groups to promote unknown and unsustainable sources of renewable energy will impose an involuntary environmental tax on residential and commercial consumers in the Northeast. This is because New York is not only banning natural gas production, but also the enhanced transportation of cheap shale gas from Appalachia to its northeastern neighbors. All of this effort to support an undefined Green New Deal reveals it will be an extreme financial burden to consumers with no alternative solution offered by these environmental advocates. In addition, this environmental log jam is counterproductive in a number of ways....

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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