New York Fracking Decision Postponed

Bloomberg reported that New York plans to delay its final decision on hydraulic fracturing so that Health Commissioner Nirav Shah can analyze its effects on health.

As quoted in the market news:

The state in 2010 stopped gas drilling by hydraulic fracturing so regulators could conduct an environmental review and develop rules. Cuomo this year said he expected a decision by the environmental conservation department by about September.

Yesterday, department Commissioner Joseph Martens said Health Commissioner Nirav Shah will analyze the practice. Environmental groups pressed the state to use outside analysts for such a review, an idea that Martens said he rejected because they would probably be biased.

Click here to read the full Bloomberg report.