“Poverty-stricken” Shell Oil offered $2B taxpayer handout to set up in Pa.

Shell oil stands to gain two billion in tax incentives to build a 400-job plant near PittsburghShell Oil Co., a child of Royal Dutch Shell – the latter reportedly the largest oil company in Europe and second largest company in the world – is thinking about building an ethane cracker plant in Monaca Borough, Beaver County, 30-some miles northwest of Pittsburgh, Pa.

The proposed plant would be used to “crack” ethane from natural gas derived from wells drilled into the Marcellus Shale in the southwestern region of the state. The cracking process results in ethylene, used mostly in making plastics.

If Gov. Corbett has his way, Pa. taxpayers will pay Shell about $2 billion to come to the state.

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