As the numbers of calls increase for a severance tax on natural gas extraction in Pennsylvania, business and industry leaders are raising concerns about the impact on the state’s economy.
All four Democratic candidates for Governor have come out in support of some form of severance tax. Meanwhile, a bipartisan group of state Senators and Representatives has recently called for taxing shale extraction to fund education.
Stephanie Catarino-Wissman, the executive director of the Associated Petroleum Industries of Pennsylvania, says shale energy development has transformed Pennsylvania’s economic future, but she tells Radio PA News that irresponsible proposals could destroy job growth and stifle capital investment in the natural gas industry in the state.
Gene Barr, president of the Pennsylvania Chamber of Business and Industry, told RPN’s Cathy Clark that the reality is that natural gas can stay in the ground if it is not economical to get it out.