logo

Environmental activities sue the New York Public Service Commission for approving a crypto mining facility

Environmental activists sue the New York Public Service Commission for approving crypto mining facility

TL;DR Breakdown

  • Environmental activists filed a lawsuit against the New York Public Service Commission (PSC) for approving a crypto mining facility.
  • Plaintiffs argue that the approval goes against the New York Climate Law of 2019.

On Jan. 13, environmental activists filed a lawsuit against the New York Public Service Commission (PSC) for approving a crypto mining facility in the state. The Guardian reports that in September 2022, the Public Service Commission (PSC) authorized the Fortistar North power plant to be converted into a cryptocurrency mining site.

The crypto mining facility is situated in Tonawanda, only a short drive from Niagara Falls. However, this facility was due to be acquired by Digihost – a respected Canadian crypto-mining firm.

Plaintiffs argue that the approval goes against the New York Climate Law of 2019

The plaintiffs argue that the approval breaches New York’s 2019 Climate Law. According to the Climate Leadership and Community Protection Act (CLCPA), ambitious objectives have been set, such as achieving a reduction of 85% in statewide emissions by 2050 and zero-emissions electricity by 2040.

The Clean Air Coalition of Western New York and the Sierra Club, represented by the non-profit firm Earthjustice, filed a lawsuit alleging that, compared to running during periods of high electricity demand such as extreme weather conditions, operating Fortistar plants as cryptocurrency mines would lead to an increase in greenhouse gas emissions up to 3,000%, despite the site being operated 24 hours per day.

Environmental advocates forcefully insist that New York state officials conduct thorough environmental evaluations when examining projects.

In October 2021, a collective of local businesses sent an impassioned plea to the state government calling on them to reject the proposal for the power plant conversion into a crypto mining facility due to their concerns 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 is converting the facility to renewable natural gas to reduce its environmental footprint. Moreover, the North Tonawanda Planning Commission performed a series of intense ecological reviews before approving the proposed mining site.

Last month, Digihost divulged plans to relocate some of their mining rigs from New York to Alabama to reduce energy costs.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

Damilola Lawrence

Damilola Lawrence

Damilola is a crypto enthusiast, content writer, and journalist. When he is not writing, he spends most of his time reading and keeping tabs on exciting projects in the blockchain space.

Related News

Hot Stories

Bitcoin sells at a 60% premium in Nigeria as the government shifts to a cashless policy
China's step towards cryptocurrency regulations
ChainLink price analysis: LINK bearish at $7
The Winning Trio for 2023: Flow (FLOW), EOS (EOS), Orbeon Protocol (ORBN)
Porter Stansberry's New Documentary Explains How Two Men Changed the US Economy

Follow Us

Industry News

Bitcoin sells at a 60% premium in Nigeria as the government shifts to a cashless policy
China's step towards cryptocurrency regulations
Read why Floki Inu supply is set to decrease by 4.2 trillion FLOKI tokens
Chinese central bank former exec explains why China is wary of crypto
Binance burns 16m worth of BNB tokens; transitions from the ERC20 version of BNB to BEP2

Add Your Heading Text Here