The Greenidge Cryptomining Plant | Malik Rainey for Politico Magazine
By Marie J. French
06/01/2022 05:01 PM EDT
ALBANY, N.Y. — A first in the nation effort to impose a moratorium on cryptocurrency mining at fossil fuel plants in New York is not expected to advance in this session after fierce pushback from the industry.
Sen. Kevin Parker (D-Brooklyn), who chairs the energy committee and sponsored the measure, said the lack of action will undermine progress on the Climate Leadership and Community Protection Act, the state’s landmark climate law that requires steep emissions reductions over the next decade.
Upstate New York has increasingly become a burgeoning location for cryptocurrency mining due to its fairly cheap energy and shuttered power plants with unused electric infrastructure. But the growth has also fueled protests from some residents and environmental groups about the local impact on pollution.
“The New York state Senate has abdicated its responsibility to address...
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