Pennsylvania Considers Tax Incentives for Shell Cracker

Pennsylvania Governor Tom Corbett (R.) is pushing for tax incentives worth up to $66 million/year related to Shell Chemical’s potential steam cracker at Monaca, PA. The incentives— which have not been proposed but are expected shortly—would have to be approved by Pennsylvania’s legislature. Shell says such incentives are part of a variety of factors that would determine the project’s viability. “Shell continues to evaluate our proposed project over a range of potential market conditions. Our approach to investing is to advance...

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