Archive for the ‘Energy & Environment’ Category
Texas, Louisiana, Mississippi, Alabama, and Florida all border the Gulf of Mexico and between these five states alone they have passed nearly 1,000 laws criminalizing various coastal activities.
In Louisiana alone, over $60 billion in new manufacturing investments have been announced over the past 24 months: the justification of which are all tied to abundant U.S. unconventional natural gas supplies.
Are the attorneys and plaintiffs who file lawsuits built around oilfield contamination allegations genuinely concerned about environmental damage? Or, are they instead motivated by a loophole in the law that allows for financial awards to be detached from cleanup efforts?
Should Louisiana primarily export or import the vast natural gas supplies that have been harvested in just the past few years? This question was explored at the Louisiana Mid-Continent Oil and Gas Association (LMOGA) annual meeting held in New Orleans last week.
Instead of bowing down to green pressure groups that greatly overstate the environmental risks attached to natural gas production, policymakers in the northeast should look toward Louisiana as a model for economic renewal, industry and government officials recommend.