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Subsidy Tracker Individual Entry

Company: Royal Dutch Shell
Parent Company: Shell PLC
Subsidy Source: state
Location: Pennsylvania
Project Description: ethane cracker plant
Year: 2012
Major Industry of Parent: oil and gas
Specific Industry of Parent: oil & gas
Subsidy Value: $1,650,000,000
Subsidy Value in 2023 Dollars: $2,200,489,760
Program Name: special state tax credits
Awarding Agency: state legislature
Type of Subsidy: 
MEGADEAL

Source of Data: The estimated 25-year value of the subsidy was reported in Peter Jackson, "Proposed Shell tax break in Pa. worth $66M a year," Associated Press, June 5, 2012 and Laura Olson, "Shell could get up to $1.65 billion in tax credits," Pittsburgh Post-Gazette, June 5, 2012.
Notes: The subsidy consisted of state tax credits worth $66 million per year over a 25-year period. As of June 2013 the company had not yet chosen a final location. Overlaps with main Subsidy Tracker data: none.
Source Notes: If an online information source is not working, check the Tracker inventory page for an updated link.