Aug. 4 (Bloomberg) -- New York moved a step closer to a temporary state ban on drilling for natural gas from shale that would delay companies led by Chesapeake Energy Corp.
NY Senate Approves Drilling Halt on Natural Gas From Shale - BusinessWeek
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The state Senate approved a measure late yesterday that would suspend drilling until May 15 in the New York portion of the Marcellus Shale formation pending further environmental studies. The moratorium passed 48-9. The Assembly has yet to take up the measure. To extract gas from shale, companies use hydraulic fracturing, or fracking, in which water, sand and chemicals are injected deep underground to break up rock and allow gas to flow. The New York-based Natural Resources Defense Council says greater safeguards are needed to ensure that fracking chemicals don’t contaminate drinking water.NY Senate Approves Drilling Halt on Natural Gas From Shale - BusinessWeek
