The Louisiana Department of Natural Resources in the weeks ahead will decide whether to advance a rule to end routine venting and flaring of oil wells around the state – something environmentalists say will put the brakes on climate change.
Federal energy policy changes made in the wake of the Russian invasion of Ukraine likely won’t result in more energy development in Louisiana, even as gasoline prices continue to spike, industry officials say.
Though a task force has just released a plan to help Louisiana reach its goal of net-zero greenhouse gas emissions by 2050, the state’s energy sector is warning that oil and gas will remain an essential commodity for decades to come.
A federal judge last week granted a Texas-based oil company’s request to seek punitive damages in litigation against the owners and managers of a tanker ship that struck the company’s oil platform located off of Louisiana’s coastline.
Louisiana’s energy industry sees a congressional probe into whether oil companies have minimized the effects of fossil fuel burning on climate change as a partisan attack against companies working to revive the U.S. economy.
The Biden administration moved this week to resume the process of leasing oil and gas tracts in the Gulf of Mexico and onshore in the United States in the wake of a federal judge’s preliminary injunction against a Jan. 27 executive order.
A federal appeals court ruling this month has buoyed Louisiana oil companies’ hopes that coastal erosion lawsuits brought by parish governments might be tried in federal rather than state courts.
A federal court judge’s opinion blocking the Biden administration’s oil lease “pause” on public lands and the continental shelf won’t have any dramatic initial effects on Louisiana’s energy industry, according to those following the litigation.
The Louisiana Oil & Gas Association has filed a brief in federal court highlighting the industry’s concerns about a recent ship accident at the mouth of the Mississippi River that caused extensive damage to an offshore oil platform.
More than 70 percent of Louisiana residents oppose diverting funds from coastal erosion lawsuits filed against energy companies for purposes unrelated to marshland restoration, according to a new survey.
A bill has been introduced in the House Natural Resources Committee that would declare Louisiana a “fossil fuel sanctuary state” to preempt federal environmental rules and regulations that could hurt the state’s oil and gas industry.
An association of Louisiana energy producers has echoed criticisms of President Biden’s ban on new oil and gas leases spelled out in a 13-state lawsuit spearheaded by Louisiana’s attorney general.
Louisiana oil industry representatives and others blasted a multi-million-dollar coastal-erosion settlement authorized Thursday by Attorney General Jeff Landry as misguided and flawed, arguing that it fails to address the underlying issue of coastal restoration
President Biden’s decisions to revoke the permit for the Keystone XL oil pipeline and halt leasing and permitting on federal lands pose a major threat to Louisiana’s economy and middle-class jobs, industry representatives and many elected officials said.
A House bill that Louisiana oil and gas companies saw as a way to revive their ailing industry was vetoed Wednesday by Gov. John Bel Edwards, who pointed to what he said were shortcomings in its severance tax exemptions.
A recent Louisiana Supreme Court ruling on a tax assessment for oil and gas wells could affect many other tax cases in the state, said an attorney for the energy company that brought the suit.
Though it faces lawsuits from parishes seeking billions of dollars in compensation for coastal erosion and continuing economic fallout from the coronavirus pandemic, Louisiana’s energy industry has taken some solace from the Nov. 3 election results.
Louisiana voters on Nov. 3 will decide the fate of a constitutional amendment that supporters say will provide a fairer and more accurate way for the state to assess the value of oil and gas wells.
A federal appeals court has rebuffed Louisiana energy companies’ efforts to move two parish lawsuits blaming the industry for coastal erosion from state to federal courts.
