$100m to Help City Buildings Convert to Cleaner Fuels

June 13, 2012

Mayor Michael R. Bloomberg today announced more than $100 million in financing and other new resources to help city buildings convert to cleaner fuels. The financing and assistance results from innovative partnerships between leading banks, energy providers and environmental groups, and are a part of the NYC Clean Heat program the Mayor launched last year to help buildings meet cleaner fuel requirements. In 2011, the City set new regulations to ban the heaviest heating oils – No. 4 and No. 6 – that are still used in approximately 10,000 buildings and significantly contribute to air pollution. Eliminating those fuels will help meet Mayor Bloomberg’s aggressive new PlaNYC goal to reduce soot pollution by 50 percent by 2013, saving 120 lives and preventing 300 asthma-related hospital visits. The conversions are also expected to generate $300 million in construction activity.

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