REBNY Statement on City Council Passing Intro 2317

In response to the New York City Council voting to pass legislation (Intro 2317) that will prohibit the combustion of natural gas and fuel oil in new buildings, REBNY President James Whelan released the following statement:

“The real estate industry is committed to working with policymakers to develop proven policies that meaningfully reduce carbon emissions from the built environment. While we appreciate that the efficient electrification of buildings is an important component of realizing these goals, these policies must be implemented in a way that ensure that New Yorkers have reliable, affordable, carbon-free electricity to heat, cool and power their homes and businesses. We look forward to continuing to advocate for policies that will effectively balance these goals.”

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