No. 4 heating oil must be phased out of all New York City buildings sooner than expected, and property owners who fail to comply with the new regulations could face hefty fines. A City Council vote last month approved a bill mandating …
As temperatures around the globe reach dangerous highs, many places are hitting the highest temperatures they’ve ever recorded—yet large-scale federal action on climate legislation is stymied. War rages on in Ukraine; inflation dogs economi…
Changes made to the New York State Clean Heating Fuel Tax Credit went into effect on January 1st - and changes to the mandated use of biofuel will go into effect in New York City this coming October. Learn how these changes will impact your…
New York City buildings have achieved 100 percent compliance with Local Law 43, a part of the overall Greener, Greater Buildings Plan put in place in 2009 to improve the energy efficiency of existing buildings and reduce the city’s carbon f…
Thanks to an initiative passed by the Bloomberg administration back in 2010, New York City has successfully phased out No. 6 heating oil as of this year. Future plans have an eye toward even cleaner-burning oils and, eventually converting e…
New York City buildings have achieved 100 percent compliance with Local Law 43, a part of the overall Greener, Greater Buildings Plan put in place in 2009 to improve the energy efficiency of existing buildings and reduce the city’s carbon f…
Cleaner skies, healthier lives and a shinier Big Apple are some of what the much-talked-about changeover from No. 6 and No. 4 fuel oil is intended to accomplish. Under New York City's “Clean Heat” mandate (part of former Mayor Michae…
On July 1st, about 10,000 New York City buildings must start phasing out their use of high-polluting fuel oil. Under the city's “Clean Heat” mandate (a part of Mayor Michael R. Bloomberg’s Greener, Greater Buildings Plan New York initiat…
As the winter months fade into spring, it’s easy to try and forget about heating and all the costs it incurs. For managers, board members and others with an eye on a co-op or condo building’s budgetary bottom line, now may be the perfect…
Purchasing a building’s heating oil is one of the most important decisions a board has to make. And in this era of ever-rising fuel costs, it’s also one of the most frustrating. When deciding how to pay for their buildings’ heating oil, …