Shell report says Alaska oil exploration program brings $172.7 million to Puget Sound communities
By CORAL GARNICK: McClatchy News Service: 20 Sept 2015
SEATTLE — Shell Oil, preparing to return its offshore Arctic drilling fleet to Puget Sound as early as next month, has released a study saying that this year and next its controversial Alaska oil exploration program will pump $172.7 million directly into the Puget Sound economy.
That spending is expected to support 1,590 jobs and generate $125 million in wages and $312 million in total economic output, which includes direct, indirect and induced impacts, according to an economic impact study released Wednesday.
“Part of the golden rules of Shell is to make sure that we make the communities in which we work and do our business better,” said Mark Guadagnini, Shell’s vice president of Arctic maritime and logistics.
“It’s nice to say that, but you have to do the study and get the facts.”
The drilling effort, and the decision to moor some of the drilling fleet at Seattle’s Terminal 5, have stirred up strong emotions since the Port of Seattle commission announced the plan in January.
But many in the maritime industry do not understand why 2015 was met with so much more backlash than 2012, especially considering, as Guadagnini said, Shell is doing the same thing.
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