For Immediate Release
Yesterday, the State Senate passed an amendment to an unrelated bill that will grant massive tax breaks to petrochemical corporations in Pennsylvania, a move that recalls legislation (HB 1100) that was vetoed by Governor Tom Wolf earlier this year.
While these corporate handouts are promoted as a powerful tool to create desperately needed jobs, forthcoming research from the national organization Food & Water Watch reveals that the subsidies awarded to energy giant Shell to build a plant in Beaver County created far fewer jobs than supporters predicted, and that a similar level investment in renewable energy projects would create far more employment opportunities.
The Food & Water Watch research determined that while the state granted Shell an astonishing $1.6 billion in tax incentives for a project that will create a total of 600 permanent jobs (a cost of $2.75 million for every long-term job), a similar level of investment in wind and solar would create 16,500 jobs, which would almost match the state’s total employment in the oil and gas industries.
In response to the Senate vote, Food & Water Watch Executive Director Wenonah Hauter released the following statement:
“In the midst of a deadly global pandemic, Pennsylvania lawmakers are creating a secret scheme to hand hundreds of millions of dollars to petrochemical corporations in order to rescue the ailing fracking industry and create more plastic junk. Our research shows that investing in wind and solar provides far more bang for the buck. Instead of giving money to corporate polluters like Shell, lawmakers should put a halt to these absurd petrochemical giveaways, and build a clean, renewable energy industry that will create far more safe and stable jobs.”