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New York Sued by Environmental Group After Approval of Crypto Mining Facility

The New York Public Service Commission (PSC) was sued by environmental activists on Jan. 13 for approving the takeover of a cryptocurrency mining facility in the state.

According to The Guardian, the state Public Service Commission (PSC) is responsible for regulating public utilities, and authorized in September 2022 the conversion of the Fortistar North power plant into a crypto mining site.

Plaintiffs claim that the approval violates New York's climate law of 2019. The Climate Leadership and Community Protection Act (CLCPA) sets the goal of reducing 85% in statewide emissions by 2050, and zero-emissions electricity by 2040, among other targets.

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