Mayor requires buildings to upgrade toxic boilers by 2015

New York /
Apr.April 22, 2011 02:48 PM

Mayor Michael Bloomberg furthered his environmental agenda yesterday by announcing stricter regulations on heating oils in New York City buildings. The New York Times reported that the new law requires buildings that burn No. 6 heating oil, the cheapest and most pollutant oil typically pumped by the oldest boilers, to switch to No. 4 heating oil by 2015. The cost of such a switch is about $10,000 per building. Further, boilers must burn even less noxious oils, such as low-sulfer No. 2 oil, natural gas, or their equivalents — a much more costly transformation — by the year 2030. City officials said only about 1 percent of city buildings, including about 200 public schools, burn the dirtiest oils, but they are responsible for more than 85 percent of soot pollution from buildings. Once complete, the law will have reduced particles emitted by heating buildings by more than 63 percent, and reduced overall city air pollution by 5 percent. In a statement, the Real Estate Board of New York said it would work to comply with Bloomberg’s new laws, but noted that the costs might be passed on to tenants in rents and building maintenance costs. [NYT]


Related Articles

arrow_forward_ios
John Banks

High expectations: A look at John Banks’ 4 years at REBNY

High expectations: A look at John Banks’ 4 years at REBNY
John Banks

John Banks to step down as REBNY president

John Banks to step down as REBNY president
REBNY Awards

Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi

Newmark Knight Frank wins REBNY retail award for Alamo Drafthouse deal in FiDi
REBNY president James Whelan (Whelan by Evan Gutierrez)

Tax revenue from NYC property sales plunges $1.4B

Tax revenue from NYC property sales plunges $1.4B
Douglas Durst (Getty)

Douglas Durst tapped to be next REBNY chair

Douglas Durst tapped to be next REBNY chair
Ninve James 

REBNY taps Realtor.com exec to lead RLS

REBNY taps Realtor.com exec to lead RLS
REBNY’s James Whelan and New York Attorney General Letitia James (Getty Images; iStock)

Broker-fee ban lawsuit postponed for the third time

Broker-fee ban lawsuit postponed for the third time
From left: Sandhya Espitia, John Canniffe and Jim Whelan (Linkedin, Whelan by Evan Gutierrez)

REBNY’s RLS chief bows out

REBNY’s RLS chief bows out
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...