New York Threatens to Spoil Trump’s Push for Fossil Fuels
- Northern Access, Constitution gas lines both denied permits
- Pipeline builders say New York’s rejections were political
The Patterson-UTI Drilling Company LLC horizontal drilling rig sits at the site of the Range Resources Ltd. Worstell natural gas well In Chartiers Township, Washington County, Pennsylvania, on April 8, 2010.
Photographer: Andrew Harrer/BloombergForget the climate warriors of California. The state best positioned to spoil Donald Trump’s plan to unleash America’s fossil-fuel resources may be New York.
In the past year, New York regulators have blocked two major natural gas pipelines -- a $455 million proposal by National Fuel Gas Co. and a $925 million one from Williams Partners LP -- on the grounds that they pose environmental risks. One bank’s saying investors have no choice but to assign “elevated risk premiums” to energy projects in the state, National Fuel Gas is threatening to take its money elsewhere and Williams’s chief executive officer said Wednesday that he’s in talks with the White House on how the administration can help.