Decline in Fossil Fuel Industry Means Widening Fiscal Gap

A new report warns Pennsylvania’s budget is headed for a crisis, and tax revenue from the fossil fuel industry won’t be able to bail it out. Researchers say the sector’s long-term decline and years of generous tax concessions have contributed to the state’s fiscal pressures. Trey Cowan with the Institute for Energy Economics says the industry isn’t producing the kinds of jobs to grow the population…

“That’s a struggle with the oil and gas industry, fossil fuels, is younger folks don’t wanna go into that industry. And so as Pennsylvania looks for policy, they should be thinking, what policies are going to attract the best and brightest to the state?”