Helping to protect landowners right for the extraction of Natural Gas.

Helping to protect landowners' rights for the extraction of Natural Gas.

Wednesday, June 16, 2010

A little help from our Union Friends

June 14, 2010 RE: AN ACT to suspend hydraulic fracturing; and providing for the repeal of such provisions upon the expiration thereof S. 8129 (Thompson) MEMORANDUM IN OPPOSITION Unshackle Upstate, a bipartisan coalition representing more than 70,000 employers with upwards of 1.5 million workers oppose the enactment of the aforementioned bill. If enacted, this bill would suspend the permitting process for conducting hydraulic fracturing for the extraction of natural gas until June 1, 2011. This bill is yet another negative message to private industry looking to create jobs Upstate, that New York State is not open for business. Currently, the state Department of Environmental Conservation (DEC) is revising regulations for natural gas exploration in the Marcellus Shale, and roadblock legislation of this nature serves no purpose other than diminishing New York’s job potential and tax base. The natural gas industry estimates that there are enormous natural gas reserves deep underground in the Marcellus Shale Formation. However, due to hesitation from New York State, we have already seen the leaders in this industry choosing invest in nearby Pennsylvania instead of New York State. A report from the Penn State Workforce Education and Development Initiative estimates that for each $1 billion of royalty income generated by the Marcellus

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