Shell Volunteers to Pay Local Taxes on PA Ethane Cracker
In order to lure Shell to build its multi-billion dollar ethane cracker plant in Beaver County, PA, the state passed a law granting Shell tax exempt status for the next 25 years. Problem is, the place where they will build the plant currently pays school and town taxes ($344,000 per year) that would disappear under the state plan. So Shell has offered to pay 110% of those taxes over the next 25 years—to avoid a PR problem and to support the local community where it will be doing business for at least the next generation.
Here’s the details:
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For the first six months of 2012, over 85% of Pennsylvania’s shale gas production came from just six (of 67) counties in the state, and more than half (57%) of PA’s production came from three counties—three counties that share a border with New York State (hello NY, pay attention!).
Former Gannett reporter and current book author Tom Wilbur (