NY Green New Deal will kill State's Economy
Higher energy costs, no more natural Gas
The legislature passed an extreme climate change bill which was signed
into law by Governor Cuomo. The new law will dramatically increase
already excessive high energy costs for the middle class and
will drive businesses out of New York. The bill would require
100% of electricity generated in New York to be produced by
renewable sources by 2040 and a 85% reduction in green house gases
by 2050. The remaining 15% would be achieved by planting trees
to remove greenhouse gases. Governor Cuomo called the law "the
most aggressive climate-change program in the United States of
America, period". For the first time, we actually agree with the
Governor on something, his description of the law as the
most aggressive climate-change program.
In order to
implement the law and reach the stated goals, electric plants
will have to be retrofitted with solar panels, several hundred wind turbine
farms will need to be constructed and the use of all
forms of fossil fuels will have to be vastly
reduced. The radical shift of our energy production
will cost billions of dollars which
will be passed on to middle class tax payers and businesses. Low
income residents will receive state subsidies.
Natural gas which is considered a clean, safe and
lower cost alternative to so called dirty oil is now
on the list for elimination as a fuel source as it
is now defined as a so called source of green house gas.
Using that definition, the Governor even has the power to eliminate
the use of propane for barbeque grills or for heating homes in
upstate New York.
Sounds too far fetched? Local energy companies such as National Grid have put a moratorium on all new gas hook ups in New York City & Long Island and Con Edison in Westchester County. These actions were based on the recent denial last month for construction permits for a new thirty seven mile gas pipeline, the Northeast Supply Enhancement Project by the Transcontinental Gas Pipe Line Company. The denial by Governor Cuomo's Department of Environmental Conservation cited water quality standards which may be affected mostly due to dredging during the project. The decision is nothing more than a calculated outcome driven by Andrew Cuomo to appease the climate change extremists.
Again, adhering to a
radical domestic ideology that trumps common sense will lead New
York to economic ruin. Does the Governor and his allies in the
legislature even understand what they just passed? Apparently
not. Yet again, do they even care?
Click here for the law