March 9, 2018 — Oil drilling along Florida’s 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 Oceana’s new economic analysis found that the Trump administration’s offshore drilling plan would threaten more than 2.6 million jobs and almost $180 billion in Gross Domestic Product for only two years’-worth of oil and just over one year’s-worth of gas at current consumption rates.
“From ocean views scattered with drilling platforms, to the industrialization of our coastal communities, to the unacceptable risk of more BP Deepwater Horizon-like disasters — 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,” Diane Hoskins, campaign director at Oceana, said in a statement. “Coastal communities and states are outraged by this radical plan that threatens to destroy our clean coast economies.”
Oil industry officials disputed the findings, saying their industry has operated safely alongside commercial fishing, tourism and other industries for decades.
Oceana’s 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 Florida’s Gulf coast, and compares them to the “undiscovered economically recoverable oil and gas reserves in those states.”
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