Advertisement
 
Sunday, June 26, 2016
Amsterdam, NY ,

 

Advertisement

Record: State senator ended stake in firm eyeing fracking

Friday, May 10, 2013 - Updated: 3:29 PM

ALBANY (AP) -- Sen. Thomas Libous on Thursday released a 2008 document that states he ended his personal financial interest in a real estate firm before it speculated in land purchases to benefit from drilling now being debated in Albany.

Libous provided the document to The Associated Press after published reports said he was part of a real estate firm that is buying Southern Tier property, which could significantly increase in value if hydraulic fracturing for gas is approved.

Libous is a Southern Tier Republican leading the effort to allow drilling, arguing it would be a major source of new jobs and economic boon for the state, but environmental groups say fracking threatens public health.

"I strongly support hydro-fracking because it would bring jobs, growth and hope to thousands in our region," Libous told The AP. "Not because I stand to gain even a nickel from it."

Fracking is a drilling process that frees gas from deep rock deposits by injecting wells with chemical-laced water at high pressure.

Libous said he doesn't own any land in New York that is "under contract or that could generate earnings from hydro-fracking."

     

Comments made about this article - 0 Total

Comment on this article

Advertisement
Subscribe to The Recorder

 

The Recorder Sports Schedule

Most Popular

    Lawmakers pass bill requiring schools to test water for lead
    Monday, June 20, 2016

    Marcellino vows never to fight at Foxwoods again after controversial loss
    Tuesday, June 21, 2016

    City to sell some foreclosed properties ahead of auction
    Thursday, June 23, 2016

    City to renew with insurance company it's suing over claim
    Wednesday, June 22, 2016

    County committee signs off on joining land bank
    Wednesday, June 22, 2016

    Legislators discuss law to raise tobacco purchasing age to 21
    Wednesday, June 22, 2016

    Tests show F-FCS drinking water safe
    Tuesday, June 21, 2016

    Ralph R. Compani
    Monday, June 20, 2016

    Congressional primaries include 4 for open seats
    Monday, June 20, 2016

    SUNY Cobleskill to offer bachelor degree in fermentation
    Monday, June 20, 2016

Advertisement

Copyright © McClary Media, Inc.

Privacy Policies: The Recorder

Contact Us

Twitter

Instagram

Facebook