Drilling and the DEC: Responding to Economic Impacts

*Drilling and the DEC: Responding to Economic Impacts*
*
*
*Saturday, October 15, 2011** Ithaca, NY*
*
About 300 people came to hear grassroots activists, experts, and local officials concerned about protecting our local agriculture and tourism economies, community character, roads and infrastructure The presenters offered information on the revised Supplemental Generic Environmental Impact Statement (SGEIS).****Speakers addressed the portion of proposed drilling guidelines that intends to mitigate adverse social and economic impacts such as truck traffic, threats to food crops, and demand on local services. The forum was moderated by Martha Robertson, Chair of the Tompkins County Legislature. Panelists included Ed Marx, Tompkins County Commissioner of Planning, who addressed the impacts of drilling on local communities. Jannette Barth, Ph.D., Economist, Pepacton Institute, who addressed the flaws in the new socioeconomic impact study. Barbara Lifton, NY State Assemblywoman for Tompkins and Cortland Counties, who addressed what she and other legislators are doing about the shale gas impacts. James (Chip) Northrup, Partner and investor in oil and gas projects, served on Governor of Texas’ Energy Advisory Council, who addressed how to make responses to the DEC. *
*Papers available at http://tinyurl.com/ithaca-sgeis*
*
*
*Video Shot By Cris McConkey available at **http://www.youtube.com/playlist?list=PL6FD26CFB7DAB7D2D*
*
*

*Edward Marx <http://www.tcgasmap.org/media/Marx%20Slides%2010-15-11.pdf>
/AICP, Tompkins County Commissioner of Planning and Community Sustainability. His presentation focused on cumulative impacts (and the lack of adequate treatment of them in the revised draft SGEIS) and impacts of gas drilling on local governments./*

*Jannette Barth <http://www.tcgasmap.org/media/Barth%20Slides%2010-15-11.pdf

>
/Economist with Pepacton Institute, an economic research and consulting firm. She has worked in the fields of economic analysis and econometric modeling and forecasting for over 35 years. Her presentation discussed what is missing and what is wrong in the economic analysis included in the socio-economic impact section of the revised draft SGEIS./*

*Barbara Lifton <http://www.tcgasmap.org/media/Lifton%20Slides%2010-15-11.pdf>
/NY State Assemblywoman for the 125th District. Ms. Lifton drafted and is sponsor of Assembly Bill 3245 that clarifies that municipal governments have authority to control whether and where resource extraction can take place in their jurisdictions. Ms. Lifton discussed differences between the Assembly bill and the Senate bill drafted by Sen. Seward and the prospects for legislative action in the next session (in the current year the State Senate has refused to take up any gas drilling bills)./*

*James (Chip) Northrup <http://www.tcgasmap.org/media/Northrup%20Slides%2010-15-11.pdf>
/Former planning manager at Atlantic Richfield and an independent oil and gas investor for over 30 years; Mr. Northrup has served on the Governor of Texas’ Energy Advisory Council. His presentation debunked various myths: that New York’s regulations are stronger than in any other state, that the SGEIS is scientifically based (its politically based), and the overestimates of gas resources and economic impacts. Includes instructions on how to comment on the SGEIS and contains links to information and templates that make commenting easier.
/*

Lawsuit on Dryden’s gas drilling ban heads to court Nov. 4 | The Ithaca Journal | theithacajournal.com

Lawsuit on Dryden’s gas drilling ban heads to court Nov. 4 | The Ithaca Journal | theithacajournal.com.

Health and Economic Development A resource for the New York Regional Economic Development Council meetings The New York Academy of Medicine, August 2011

HealthandEcoDev.pdf (application/pdf Object).

Health and Economic Development
A resource for the New York Regional Economic Development Council meetings The New York Academy of Medicine, August 2011

Tompkins governments, Hinchey draw attention to drilling’s impact on mortgages | The Ithaca Journal | theithacajournal.com

Tompkins governments, Hinchey draw attention to drilling’s impact on mortgages | The Ithaca Journal | theithacajournal.com.

Tompkins governments, Hinchey draw attention to drilling’s impact on mortgages

1 Comments

Ithaca — Mortgage rules governing gas drilling are in question following reports in The New York Times and by the Tompkins County Council of Governments’ Task Force on Drilling.

The reports have led Congressman Maurice Hinchey, D-22nd, to send letters to the Federal Housing Finance Agency and the NYS Department of Environmental Conservation, asking they initiate an examination of how mortgage rules on gas drilling will affect more than 1 million gas leases signed between shale gas drilling companies and property owners.

Some banks have policies of not offering mortgages on properties with gas leases. As a result, some landowners have had difficulty selling or refinancing their homes.

The Tompkins County Council of Governments’ Task Force on Drilling asked state officials in May to implement requirements as part of gas drilling regulations to prevent unintended negative consequences on the realestate market and county assessment rolls.

A subcommittee of the task force reported that lenders are reluctant to approve residential mortgages on the increasing number of properties where leases do not conform with regulations of thesecondary mortgage market.

Hinchey said this week that the problem can be attributed to rushing into drilling.

“Many homeowners who signed leases now have questions about their mortgages and their ability to refinance or resell their homes, because important information was not brought to their attention by drilling companies pushing to them to lease their land,” Hinchey said.

Hinchey said he has asked federal and state regulators for clarification on mortgage rules and an examination of leases that were already signed to determine the extent of mortgage violations that may have occurred.

New guidelines will help homeowners and local banks protect their own financial interests, he said.

Delaware and Sullivan Cos survey residents on hydrofracking

FOR IMMEDIATE RELEASE: 

SULLIVAN COUNTY SURVEY

In what is believed to be the first poll to focus on New Yorkers who live in an area likely to be impacted by “fracking”, a Pulse Opinion poll reveals that 7 out of 10 Sullivan County residents do not want to see “natural gas extraction by means of hydraulic fracturing” in their town.    An even greater percent favor zoning ordinances to restrict the process.  The poll was commissioned by the not-for-profit Catskill Citizens for Safe Energy.

Bruce Ferguson, a member of the grassroots organization, said “Previous statewide polls have shown that most New Yorkers don’t think the rewards justify the risks; now we know that the great majority of people who will be directly affected by fracking want nothing to do with it.  Sullivan County residents emphatically say “No!” to fracking.”

The poll of 500 county residents was conducted between October 1st and October 3rd.  It has a sampling error of plus or minus 4.5% and a 95% level of confidence.   Residents who said they did not know enough about hydraulic fracturing to form an opinion were not included in the poll.

The questions:

Do you support natural gas extraction by means of hydraulic fracturing in your town?

27% Yes

69% No

       4% Not sure

Would you support your town enacting zoning ordinances to restrict natural gas extraction by means of hydraulic fracturing?

69% Yes

24% No

      7% Not sure

DELAWARE COUNTY RESIDENTS STRONGLY OPPOSE FRACKING , FAVOR ZONING

A Pulse Opinion Poll of 500 Delaware County residents reveals that nearly three out of four people oppose hydraulic fracturing in their town, and seven out of ten favor municipal zoning ordinances to regulate the practice.

These results are similar to those of a poll conducted in neighboring Sullivan County the preceding week.

The questions in both polls were identical:

 

Do you support natural gas extraction by means of hydraulic fracturing in your town?

                                      No              Yes            Not sure

Delaware County        72%           27%             1%

Sullivan County           69%            26%            4%  

 

Would you support your town enacting zoning ordinances to restrict natural gas extraction by means of hydraulic fracturing?

                                      Yes            No              Not sure

Delaware County         69%           27%           4%

Sullivan County            69%           24%           7%

The Delaware County poll was conducted on October 8 and 9.  The Sullivan County poll was conducted between October 1 and 3, also by Pulse Opinion Research.   The margin of sampling error in both polls is +/- 4.5 percentage points with a 95% level of confidence.   Residents who said they did not know enough about hydraulic fracturing to form an opinion were excluded for the polls.

 

Both polls were commissioned by the not-for-profit Catskill Citizens for Safe Energy.  They are believed to be the first scientific polls to measure the sentiment of New Yorkers who live atop the Marcellus Shale.

 

Rush to Drill for Gas Creates Mortgage Conflicts – Ian Urbina, NYTimes.com 10-20-11

Rush to Drill for Gas Creates Mortgage Conflicts – NYTimes.com.

Check out this article in today’s New York Times:
There’s some really important documents that explain out all of the details about what the conflicts are and what rules are being broken.  You can read through them here, and they’ve got little bubbles that show you what the important parts are and what they mean.  Very worth checking out.
It makes sense. Fracking for shale gas and oil requires thousands of wells, many of which are drilled near where people live.  Drilling accidents and the environmental problems with fracking happen on land that people own, land that people have mortgages on, land whose property value will plunge if the water goes bad or people get sick.  The mortgage industry wrote up rules that are supposed to protect banks against these risks.  These rules would bar wastewater impoundment pits near people’s houses, would require minimum distances between a home and a gas well, would give the bank the right to review the lease the landman was offering so they could make sure the gas company wouldn’t be allowed to tear up the surface of the land.  But these rules aren’t being followed.
Check out some of the documents that explain how some small bankers and credit union officials see the problems:

Council OKs ban on gas drilling – Times Union

Council OKs ban on gas drilling – Times Union.

Living in Dryden: Who invited Goliath?

Living in Dryden: Who invited Goliath?.

Fracking expenses weighed | The Ithaca Journal | theithacajournal.com

Fracking expenses weighed | The Ithaca Journal | theithacajournal.com.

Policy On The Development Of Oil And Gas Resources in State Parks and Historic Sites in NY

PolicyOnTheDevelopmentOfOilAndGasResources.pdf (application/pdf Object).

New York State Office of Parks, Recreation
and Historic Preservation
POLICY ON THE DEVELOPMENT OF OIL AND GAS
RESOURCES IN STATE PARKS AND HISTORIC SITES