March 9, 2018 โ Oil drilling along Floridaโs coast could put at risk almost 610,000 jobs and $37.4 billion in economic activity, according to a new report by an ocean advocacy group.
Nationally, the nonprofit Oceanaโs new economic analysis found that the Trump administrationโs offshore drilling plan would threaten more than 2.6 million jobs and almost $180 billion in Gross Domestic Product for only two yearsโ-worth of oil and just over one yearโs-worth of gas at current consumption rates.
โFrom ocean views scattered with drilling platforms, to the industrialization of our coastal communities, to the unacceptable risk of more BP Deepwater Horizon-like disasters โ expanding offshore drilling to new areas threatens thriving coastal economies and booming industries like tourism, recreation and fishing that rely on oil-free beaches and healthy oceans,โ Diane Hoskins, campaign director at Oceana, said in a statement. โCoastal communities and states are outraged by this radical plan that threatens to destroy our clean coast economies.โ
Oil industry officials disputed the findings, saying their industry has operated safely alongside commercial fishing, tourism and other industries for decades.
Oceanaโs report was based on the most recent available data for ocean-dependent jobs and revenue from tourism, fishing and recreation in Atlantic and Pacific coastal states, as well as Floridaโs Gulf coast, and compares them to the โundiscovered economically recoverable oil and gas reserves in those states.โ
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