The benefits of the Atlantic Coast Pipeline are clear: thousands of new jobs, lower energy costs, new industries and millions in new tax revenue for local governments—all while improving air quality and paving the way for more renewables. Now that’s a brighter future for our region.
The Atlantic Coast Pipeline is an economic game-changer for communities across West Virginia, Virginia and North Carolina.
Pipeline construction alone is creating 17,000 new jobs and $2.7 billion in economic activity across the region. From construction subcontractors and equipment suppliers to hotels and restaurants, construction is providing a major boost to local businesses in every community.
But construction is just the tip of the iceberg. Once the pipeline is built, it will attract many new businesses to the region, creating thousands of new jobs in manufacturing and other new industries.
And with the pipeline generating $28 million in annual property tax revenue for local governments along the route, communities across the region will be able to make new investments in their schools, roads, public safety and other vital local services.
Once the pipeline is operating, it will save consumers an estimated millions each year on their energy costs – keeping energy bills low for working families and allowing companies to reinvest the savings into growing their businesses and creating new jobs.
Connecting our region with new supplies of cleaner-burning natural gas will help lower emissions and improve air quality in our communities. More and more, consumers and electric utilities are turning to cleaner-burning natural gas, which produces half the carbon emissions of coal and an even smaller fraction of other air emissions.
The transition to natural gas is already resulting in cleaner air and healthier communities. In 2016, the U.S. reached its lowest level of carbon emissions in 25 years – largely due to cleaner-burning natural gas.
Natural gas also plays a vital role in supporting the use of renewable energy. That’s because natural gas provides the reliable, around-the-clock back up power electric utilities need to keep our lights on, businesses running and homes warm when solar or wind aren’t producing electricity.
Sources: The Economic Impacts of the Atlantic Coast Pipeline, ICF International, February 2015
The Economic Impact of the Atlantic Coast Pipeline in West Virginia, Virginia, and North Carolina, Chimura Economics & Analytics, September 2014