Study: Shutting down Line 5 poses grave threats to Michigan economy | Michigan

0
30

(The Center Square) – It doesn’t appear the ongoing legal standoff between Gov. Gretchen Whitmer’s administration and proponents of the Enbridge Line 5 pipeline spanning the Straits of Mackinac will be resolved anytime soon.

However, an independent study released last month by the American Petroleum Institute is adding fuel to the fire by detailing the negative economic impacts should the governor succeed in her efforts to shut down Line 5.

The natural gas and oil industry supports 250,800 jobs in Michigan, according to the API study released July 20. Further, API asserts the industry generates $28.5 billion annually for the Michigan economy. A $345 million portion of that total contributes to the state’s conservation funding.

The API commissioned study was prepared by PricewaterhouseCoopers, and relies on government…

Read more…