Friday, February 14, 2020

Marcellus Shale Coalition Warns About Dire Impacts of Sanders/AOC Fracking Ban Bill

From the Marcellus Shale Coalition:
Following the introduction of legislation in the U.S. House of Representatives and U.S. Senate to ban the safe, responsible use of hydraulic fracturing, Marcellus Shale Coalition (MSC) president Dave Spigelmyer issued the following statement: 
“Banning the safe and strongly regulated use of hydraulic fracturing would bring our economy to a standstill. It would result in the loss of hundreds-of-thousands of good-paying jobs and wipeout billions of dollars of capital investment in Pennsylvania while reversing the environmental progress we have gained thanks to natural gas,” Spigelmyer said. 
“As a result of this disastrous policy, hard-working Pennsylvanians who have enjoyed a decade of affordable, reliable energy would be burdened with skyrocketing costs and our county would again be reliant on foreign nations to supply the energy we need. 
“Supporting and growing domestic shale production should be a core focus of any serious policy discussion aimed at continuing environmental progress, economic growth and American security.” 
BACKGROUND:
  • Devastate State, National Economy: Pennsylvania would shed 609,000 jobs, lose $261 billion in state GDP, and $23.4 billion in state and local tax revenues if Sen. Sanders and Rep. Ocasio-Cortez’ plan is signed into law, according to a recent U.S. Chamber analysis. Nationally, this policy would eliminate 19 million jobs and reduce U.S. GDP by $7.1 trillion.
Click here to read the whole press release. 

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