Bloomburg Funds Fracking Studies

8/24/2012 (Updated 11:17:12 PM)

According to media reports, the  Cuomo adminstration  has already decided to allow hydrofracking in New York-- and will announced that decision after labor day--
 
Now, New York City Mayor Michael Bloomberg has cut a check for six million dollars, to develop safe regulations for the drilling process.

The money is for the environmental defense fund, and it comes from Bloomberg Philanthropies.

The mayor says "environmentals who oppose all fracking are wrong, and the drillers who claim that regulation will kill the industry are wrong."

In his statement, Mayor Bloomburg does not specifically say when or if  hydrofracking should be allowed.