Dimock Water Delivery – WIVT/WBGH Newschannel34

Dimock Water Delivery – WIVT/WBGH Newschannel34.

BC First Nations Unite To Ban Export Of Tar Sands Oil | Care2 Causes

BC First Nations Unite To Ban Export Of Tar Sands Oil | Care2 Causes.

Revenue from drilling income taxes is lower | Press & Sun-Bulletin | pressconnects.com

Revenue from drilling income taxes is lower | Press & Sun-Bulletin | pressconnects.com.

National Conference of State Legislatures Home

NCSL Home.

My Name is Allegany County – YouTube

My Name is Allegany County – YouTube.

Oil Boom Puts Strain On North Dakota Towns : NPR

Oil Boom Puts Strain On North Dakota Towns : NPR.

Drilling Down – Fighting Over Oil and Gas Well Leases – NYTimes.com

Drilling Down – Fighting Over Oil and Gas Well Leases – NYTimes.com.

Brine use on wintry roads considered – Pittsburgh Tribune-Review

Brine use on wintry roads considered – Pittsburgh Tribune-Review.

Fracking for Support: Natural gas industry pumps cash into Congress – Common Cause

Fracking for Support: Natural gas industry pumps cash into Congress – Common Cause.

Fracking for Support: Natural gas industry pumps cash into Congress

New report details 10-year spending campaign by fracking interests to avoid regulation

 

 

 

 

Natural gas interests have spent more than $747 million during a 10-year campaign – stunningly successful so far – to avoid government regulation of hydraulic “fracking,” a fast-growing and environmentally risky method of tapping underground gas reserves, according to a new study by Common Cause.

A faction of the natural gas industry has directed more than $20 million to the campaigns of current members of Congress and put $726 million into lobbying aimed at shielding itself from oversight, according to the report, the third in a series of “Deep Drilling, Deep Pockets” reports produced by the non-profit government watchdog group.

“Players in this industry have pumped cash into Congress in the same way they pump toxic chemicals into underground rock formations to free trapped gas,” said Common Cause President Bob Edgar. “And as fracking for gas releases toxic chemicals into groundwater and streams, the industry’s political fracking for support is toxic to efforts for a cleaner environment and relief from our dependence on fossil fuels.”

The study – which includes inserts for the fracking-heavy states of Ohio, Pennsylvania and Michigan – found that the natural gas industry focuses its political spending on members of the Congressional committees charged with overseeing it. Current members of the House Energy and Commerce Committee have received an average of $70,342 from the industry; Rep. Joe Barton, R-Texas, the former committee chairman, has collected a whopping $514,945, more than any other lawmaker.

What’s more, the industry’s political giving also heavily favors lawmakers who supported the 2005 Energy Policy Act, which exempted fracking from regulation under the Safe Drinking Water Act. Current members who voted for the bill received an average of $73,433, while those who voted against the bill received an average of $10,894.

The report comes as the Environmental Protection Agency is scheduled to publish new, preliminary findings about the potential dangers of fracking in 2012, giving the industry a powerful incentive to increase political spending now in an attempt to shape public opinion and the debate over fracking in Congress, as well as affect the outcome of the 2012 congressional elections.

“Thanks to the Supreme Court and its Citizens United decision, the natural gas industry will be free to spend whatever it likes next year to elect a Congress that will do its bidding,” Edgar said. “The industry’s political investments already have largely freed it from government oversight. Controlling the flow of that money and other corporate spending on our elections is critical to protecting our environment for this and future generations.”

The Capitol Pressroom for Novemeber 29, 2011 | WCNY Blogs

The Capitol Pressroom for Novemeber 29, 2011 | WCNY Blogs.

Stephen Acquario, the Executive Director of the New York State Association of Counties comments on what NYSAC would like to see from the Regional Economic Development Councils this week.

 

NYPIRG’s Bill Mahoney connects the campaign filing “dots” for us. Greg May, VP of Residential Mortgage Lending at Tompkins Trust Company shares his concerns about gas leases and residential mortgages:

 

“If a standard gas lease exists on a residential property, the terms of the lease would make the loan ineligible for consideration or sale by Fannie, Freddie, SONYMA, FHA or VA programs. These types (of) leases existed in the past but have become far more common with the introduction of high volume horizontal hydro-fracking in the last few years. I believe it would be impossible to indicate that exceptions are acceptable if “commonly granted” by private institutional lenders as a way to avoid the conflict that exists.”

– Greg May, Vice President of Residential Mortgages
Tompkins Trust Company

 

Posted in : Capitol Pressroom