Although drilling is banned in Pittsburgh, nearby natural gas operations have helped the city continue its economic revitalization, reports Bloomberg Businessweek.
Fracking is driving wage, job and population growth, even after health concerns led the City Council to ban it, according to development officials. Wells Fargo & Co. economists recently called Pittsburgh a “logistical hub” for the industry. To fuel the boom, Governor Tom Corbett, a Republican, is offering Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, at least $1.65 billion in tax credits to build a gas-fed chemical plant nearby.
Original source: Bloomberg Business Week
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