Statement from New York City Comptroller Scott M. Stringer on Con Edison Rate Hikes

“If we keep subsidizing new natural gas infrastructure, we can’t pretend we are making progress on reducing emissions. This agreement allows Con Edison to continue to funnel ratepayer dollars into fossil fuel infrastructure that only digs us deeper into the climate crisis. Rather than building bigger pipelines, we need to invest in sustainable, reliable, and affordable energy options. I have called for a moratorium on all major gas infrastructure because any pipelines we invest in today will only become tomorrow’s stranded assets.

“If Con Edison can’t think past their profits, then we need to seriously explore how a public takeover of New York’s natural gas system could allow us to make responsible, sustainable decisions about our energy future. Maintaining the fossil fuel status quo is tantamount to climate denial.”

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