REPORT:
ENERGY INFRASTRUCTURE IS ESSENTIAL TO JUMPSTARTING AMERICAN ECONOMY DYLAN LACROIX | EnergyInDepth Billions of dollars in economic activity are being held back from jumpstarting the economy, according to a telling report from Consumer Energy Alliance released this week. A number of pipeline expansion and energy infrastructure projects spanning from Appalachia to Montana have experienced cancellations, delays, or obstructions—all of which comes at a cost for the communities and economies they support. The report titled, “How Pipelines Can Spur Immediate Post-COVID Economic Recovery,” measures the toll of these cancellations and delays against the positive outcomes these projects would have on spurring job creation and tax revenues. What CEA found was devastating: More than 66,000 energy jobs and $280
million a year in state andlocal tax revenue, could be in jeopardy should these projects continue to face challenges. As the report explains: “The real impacts on workforce participation are expected to be historically bad with more than 103 million Americans, or nearly 40 percent of the country, at least temporarily out of the labor force – a low not seen since January 1973. And the public sector ripple effect from the lost revenues due to the COVID-19 shutdown is starting to be felt: States and municipalities are furloughing staff now and cutting essential services on which the public relies.” Report continued on page 14
OHIO’S LEADING CHOICE IN
OIL AND GAS LAW Roetzel’s experienced Oil and Gas attorneys provide a wide array of legal services focused on landowner representation including: • Leasing and lease renewals, ratifications and amendments • Litigation, including: Lack of production, Dormant Mineral Act, Marketable Title Act • Pooling and unitization • Pipeline easements • Surface development • Mineral LLC’s • Royalty disputes
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For additional information, contact Dave Wigham at dwigham@ralaw.com or Tim Pettorini at tpettorini@ralaw.com.
GAS AND OIL TEAM MEMBERS: EMILY ANGLEWICZ, SARA FANNING, BEN FRAIFOGL, JEREMY MARTIN AND BRET MCNAB • 222 SOUTH MAIN STREET I AKRON, OH 44308 I 330.376.2700 • 121 NORTH MARKET STREET, 6TH FLOOR I WOOSTER, OH 44691 I 330.376.2700
OCTOBER 2020
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