Report: NY’s Ban on Fracking Has Cost State’s Residents Tens of Thousands of Dollars

Fracking Ban Costs Taxpayers Millions in NY

A new report from The Heritage Foundation reveals that New York’s ban on hydraulic fracturing has cost residents approximately $27,000 per family annually in lost economic benefits. The study estimates that lifting the ban could have generated about $11,000 per capita in income, highlighting the significant economic impact of the state’s restrictive energy policies.​ The Heritage Foundation report states: “Analyzing economic data from 2002 to 20…

Report: NY’s Ban on Fracking Has Cost State’s Residents Tens of Thousands of Dollars

A new report by The Heritage Foundation shows the economic benefits of hydraulic fracturing (aka fracking) for natural gas. New York state has had a ban on hydraulic fracturing and horizontal drilling practices since 2010. The ban was strengthened in 2014 by then-Gov. Andrew Cuomo, but the report found that “approximately $11,000 per capita—$27,000 per family—could have been created in New York in the absence of the ban.” “Americans benefit from…