To: John A. Fry, President, Drexel University
Drexel University, Repudiate Skewed PennEast Economic Report
Drexel University School of Economics professor Vibhas Madam, Ph.D. co-authored a seriously flawed economic impact analysis of the PennEast pipeline that exaggerates presumed economic benefits of the pipeline while completely overlooking the numerous and significant economic downsides. We, the undersigned, call on you to publicly repudiate the report.
Why is this important?
PennEast commissioned Drexel University to co-author an economic impact analysis of its proposed pipeline. Not one economic downside was taken into consideration in the report. Instead, the analysts provided only wildly exaggerated job creation numbers and vastly overstated economic benefits to Pennsylvania and New Jersey. When questioned by the press, PennEast refused to disclose the amount they paid for the analysis. Suffice it to say, however, that they got the best economic impact analysis money can buy. Deliberate attempts to mislead the public may be how PennEast does business, but should not be the way a university does.