Energy
Energy
Benefits of Shale Energy
Oil and gas, coal, and renewable and nuclear power offer our nation a vital opportunity to create jobs and increase U.S. global competitiveness.
The U.S. Chamber advocates for the development and expansion of American energy resources to improve energy security and create jobs in the United States. Reliable and affordable energy are essential to running a business and fueling economic growth and competitiveness.
The Facts
- Shale activity alone generated $237 billion in economic activity and $62 billion in government revenues in 2012, and created 1.75 million jobs in the last few years. By 2035, we can double the economic impact, double the number of jobs, and generate a cumulative $2.5 trillion in government revenues.
- We can create another 1 million jobs by 2018 by expanding the development of oil and gas, as well as building the Keystone XL pipeline.
- At least 351 proposed energy projects—many of them renewable—have been blocked due to permitting delays and other obstacles. If these projects moved forward, we could create 1.9 million construction jobs and 790,000 permanent jobs.
Shale energy could support 3 million American jobs & $417 billion in economic growth by 2020 - bit.ly/T9MuY7 #jobs13
— U.S. Chamber (@uschamber) January 31, 2013
For more information, visit the U.S. Chamber’s Institute for 21st Century Energy website.
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INSTITUTE FOR 21ST CENTURY ENERGY The mission of the U.S. Chamber of Commerce Institute for 21st Century Energy is to unify policymakers, regulators, business leaders, and the American public behind a common sense energy strategy to help keep America secure, prosperous, and clean. |
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Project No Project assesses the broad range of energy projects that are being stalled, stopped, or outright killed nationwide due to “Not In My Back Yard” (NIMBY) activism, a broken permitting process and a system that allows limitless challenges by opponents of development. |
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Initiated by the Institute for 21st Century Energy, the Partnership to Fuel America is comprised of American businesses and industries that understand that the United States needs more energy to fuel our economy and that Canada’s resources can help us achieve that goal. The Partnership promotes the benefits of Canadian oil sands and supports investment in critical North American energy projects. |
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