Fracking Ban Could Cost Ohio $245B, US Chamber Reports
YOUNGSTOWN, Ohio – Should hydraulic fracturing be banned, Ohio could see the loss of 700,000 jobs and a $245 billion reduction in gross domestic product, according to a report from the U.S. Chamber of Commerce’s Global Energy Institute. The report, released Thursday, examines the impact of a hypothetical nationwide ban in 2021 on fracking, finding it “catastrophic.” Nationally, four years after such a ban would be enacted, it would eliminate 19 million jobs, reduce national GDP $7.1 tCopyright 2022 The Business Journal, Youngstown, Ohio.
