Sunday, July 10, 2011

Clean compromise on natural gas

This is what I was waiting for: New York seems to have found a good balance between allowing development of the natural gas industry and protecting the environment. I'm not sure whether this pays due attention to the flaws in industrial accounting that were described a few weeks ago or the set of estimates that has natural gas extraction releasing a lot more methane than had been previously thought (though flaws in that study continue to appear). Still, a nice, hopeful step forward: intelligent regulation.

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