As recently reported in the Akron Beacon Journal, six delayed, cancelled or dead energy projects have cost Ohio's economy $29 billion and more than 51,400 jobs. The findings are part of a new study released by the U.S. Chamber of Commerce.
"The study is proof for Congress that the permitting process for such energy projects is broken and must be streamlined," said William Kovacs, senior vice president of the Environment, Technology & Regulatory Affairs division for the Chamber of Commerce, the pro-business group that represents three million American businesses.
The chamber is also concerned that energy projects are being stalled by opposition from Not in My Backyard (NIMBY) activism, and by a system that allows what it called "limitless lawsuits by opponents," he said.
The study identified 351 nuclear, coal, natural gas, renewable and transmission projects in 49 states that have been delayed or cancelled as of March 2010. read the entire story in the Akron Beacon Journal.