Almost $14 Billion in Ready Investment to Fuel Post-COVID Economic Recovery at Risk, Report Finds

Delays, obstruction or cancellation of pipeline infrastructure projects are threatening at least $13.6 billion in economic activity, over 66,000 jobs and more than $280 million a year in state and local tax revenue at a time when America’s financial recovery from COVID-19 requires more investment and tax revenue, a new Consumer Energy Alliance report finds.

The report, How Pipelines Can Spur Immediate Post-COVID Economic Recovery,” for the first time quantifies the potential and actual economic harm that anti-energy interest groups and allied policymakers, regulators and even judges are creating, and contrasts that with the harsh COVID-related economic realities that exist right now in states where energy infrastructure is needed – but is being impeded.

The findings of the report, which examines a representative sample of states, demonstrates how new energy infrastructure construction activity could provide relief for struggling families and small businesses, put thousands back to work at wages

Read More