• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Belgium to introduce new crypto ad regulation

2023-03-21

Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

2023-03-20

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01

    Yuga Labs Launches A New NFT Collection on Bitcoin Network

    2023-02-28
  • Metaverse

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20

    Nissan Doubles Down on Web3 Innovation

    2023-03-13

    As Fashion Moves into the Metaverse, What Other Industries Could Be Next

    2023-03-13

    South Korea Launches New ‘Metaverse Fund’

    2023-03-13
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Belgium to introduce new crypto ad regulation

    2023-03-21

    Taiwan orders financial watchdog to take over crypto regulations

    2023-03-20

    Florida Governor Moves to Ban CBDCs, Calls for Coalition of States to Follow Suit

    2023-03-20

    Florida Governor Ron DeSantis seeks to ban US CBDC in state

    2023-03-20

    Cardano Creator Charles Hoskinson Slams Politicians for Blaming US Banking Crisis on Crypto

    2023-03-20
  • Learn

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    2023-03-15

    What is it & List of Top defi 2.0 Projects

    2023-03-13

    Centralized (CEX) vs Decentralized (DEX) Cryptocurrency Exchanges

    2023-03-06
  • Market Cap
CryptoNewsMetaverse
Home»Regulation»New York sued by environmental group after approval of crypto mining facility: Report
Regulation

New York sued by environmental group after approval of crypto mining facility: Report

2023-01-15No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state.

According to The Guardian, the state Public Service Commission (PSC) is responsible for regulating public utilities and authorized in September 2022 the conversion of the Fortistar North power plant into a crypto-mining site.

The facility is located in Tonawanda, a city less than ten miles from Niagara Falls, and was set to be taken over by the Canadian crypto-mining firm Digihost.

The plaintiff’s claim that the approval violates New York’s climate law of 2019. The Climate Leadership and Community Protection Act (CLCPA) sets the goal of reducing 85% of statewide emissions by 2050 and zero-emissions electricity by 2040, among other targets.

In the lawsuit, the Clean Air Coalition of Western New York and the Sierra Club are represented by the nonprofit Earthjustice, claiming that the Fortistar plant was only operated during periods of high demand for electricity, such as extreme weather conditions. As a crypto mining plant, however, the site would be running 24 hours a day, generating up to 3,000% more greenhouse gas emissions.

Related: 1.5M houses could be powered by the energy Texas miners returned

Activists argue that the New York state must conduct environmental reviews when examining projects.

In October 2021, a letter from a group of local business requested the state to deny the power plant conversion to a crypto mining facility, claiming that:

“Proof-of-Work cryptocurrency mining uses enormous amounts of energy to power the computers needed to conduct business — should this activity expand in New York, it could drastically undermine New York’s climate goals established under the Climate Leadership and Community Protection Act.”

According to public filings, Digihost planned to convert the facility to renewable natural gas to reduce its environmental impact. The company also noted that the mining site was approved by the North Tonawanda planning commission, which performs environmental reviews before making decisions.

In August, Digihost also disclosed plans to move part of its mining rigs from New York to Alabama in an effort to lower energy costs, Cointelegraph reported.

Digihost did not immediately respond to Cointelegraph’s request for comment.

Source link

Approval Crypto Environmental facility Group mining report Sued York
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Belgium to introduce new crypto ad regulation

2023-03-21

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20

Florida Governor Moves to Ban CBDCs, Calls for Coalition of States to Follow Suit

2023-03-20

Florida Governor Ron DeSantis seeks to ban US CBDC in state

2023-03-20
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Ethereum Bulls And Bears At Crossed Road

2022-08-30

Digital Asset Provider Raises $65M in Series B Led by Credit Suisse

2023-02-15

Crypto Analyst Who Called May 2021 Bitcoin Crash Says BTC in Midst of Carving Multi-Month Bottom Formation

2022-11-07

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Belgium to introduce new crypto ad regulation

2023-03-21

Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

2023-03-20

Taiwan orders financial watchdog to take over crypto regulations

2023-03-20
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,169.000.16%
  • ethereumEthereum(ETH)$1,816.872.21%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.01-0.22%
  • binancecoinBNB(BNB)$338.37-0.30%
  • usd-coinUSD Coin(USDC)$1.00-0.14%
  • rippleXRP(XRP)$0.42645911.26%
  • cardanoCardano(ADA)$0.3513962.40%
  • Lido Staked EtherLido Staked Ether(STETH)$1,818.472.57%
  • matic-networkPolygon(MATIC)$1.161.03%