Report, Gov. Tout Marcellus Shale as Economic Driver

News
December 27, 2012
 
The shale energy industry is projected to support over 220,000 direct and indirect Pennsylvania jobs by 2020, according to a new study from the US Chamber’s Energy Institute.  The industry is also on pace to generate $2.3-billion dollars a year in state & local taxes by that same time. 
 
“There are so many possibilities here as we develop this resource responsibly, and move forward with it, that I think it holds great promise for Pennsylvania” says PA Chamber of Business and Industry President & CEO Gene Barr.  He says continued progress will help put a stop to imported oil. 
 
Responding to a listener question on the “Ask the Governor” program, this month, Governor Tom Corbett reaffirmed his opposition to a severance tax.  He pointed not only to the corporate tax revenue already being generated, but to the $200-million dollars collected in the first year of impact fees. 
 
 
Read the full article on RadioPA's website.