A New York firm headed by a native Philadelphian is eyeing 60 acres on the Chester waterfront to build a massive liquefied natural gas plant. Chester Mayor Thaddeus Kirkland said his financially stressed city would welcome the tax revenue and job opportunities from a big industrial development, but some community activists are concerned. They worry the development would jeopardize safety and commit the nation to more harmful gas production from hydraulic fracturing when it should be moving away from fossil fuel consumption.

Stay in the know and sign up for Inquirer News Alerts.

And please send us your questions, tips, and feedback. Thanks for reading.

— Katie Krzaczek (@hashtagkatie, business@inquirer.com)

A proposed LNG plant in Chester would take over 60 acres — and hardly anyone knows about it

Penn LNG, which is affiliated with a company called Penn America Energy, has been quietly lining up support for a $6.4 billion liquefied natural gas export terminal in Chester City or another waterfront location near Philadelphia, capitalizing on the abundance of Pennsylvania shale gas and soaring worldwide demand for LNG after Russian’s invasion of Ukraine. Chester Mayor Thaddeus Kirkland said the development “would probably put us in a great financial position for decades to come,” but community activists said they were unaware of the discussions.

“We will be vehemently opposed to this LNG plant,” said Zulene Mayfield, founder of Chester Residents Concerned for Quality Living, an environmental justice group that opposed the relicensing of a Chester waste-to-energy incinerator. “An LNG plant is the last thing our community needs.”

What else you need to know ...

Be an irresistible hire: Workers will now need lifelong learning, a new skills report said. The good news is that many classes are free, low cost and widely available.

“At the goal line” of a restructuring: Investment bank Boenning & Scattergood is nearing a deal that would include the sale of its private-client advisory and brokerage business and the merger of other units with different firms, its chairman, Harold F. Scattergood Jr., told staff last week.

Filling the veterinarian shortage: The intense demand for animal medicine professionals means vets and their staff are burning out quickly. Enter IndeVets, a local company that it is growing so quickly — doubling revenue every year since its inception in 2017 — that it’s projecting $30 million in revenue this year.

The Big Number: $1 billion

The University of Pennsylvania’s royalties from COVID-19 vaccines are approaching $1 billion, thanks to patents on a process Penn researchers developed more than 15 years ago. The university says it will use the proceeds for a $750 million expansion of scientific and medical research in Philadelphia.