Six hydrofracking firms hit with New York State subpoenas

Six hydrofracking firms hit with New York State subpoenas by Kenneth Lovett, June 28, 2011, New York Daily News
ALBANY – Six companies that are involved in a controversial natural gas drilling technique and are eying a move into New York have been slapped with subpoenas, the Daily News has learned. Sources said Attorney General Eric Schneiderman wants documents relating to the disclosures that the companies made to investors about the risks of so-called hydrofracking drilling, which relies on chemicals. He’s also seeking information on any enforcement actions and lawsuits against the companies. The AG wants to make sure the companies are properly disclosing information to investors and the federal Securities and Exchange Commission, the sources said. The state Department of Environmental Conservation is expected to release a draft plan to regulate hydrofracking in New York this week. [Emphasis added]