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New ccus study announced

  • LSU and the Louisiana Geological Survey have teamed up to develop a Louisiana site selection map of optimal carbon storage locations. This project is funded with $1 million allocated through HB1 passed earlier this year.
  • This project is funded with $1 million allocated through HB1 passed earlier this year. The research from this partnership will have a profound impact on the state's carbon capture, use, and storage (CCUS) capabilities as our industry invests in more clean energy practices.
  • This initiative was promoted by Senator Sharon Hewitt and other members of the state legislature.
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Recent News

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Financial Times
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News

Financial Times: OPEC ‘gets a pass to lift oil prices’ as hedging losses hobble US shale

Despite rising crude oil prices, current OPEC disputes are causing American oil companies to hedge losses. This comes as American oil supply decreases due to political tensions and a reluctance by oil companies to ramp up production.

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by
Stephen Lewerenz
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News

LOGA Issues Statement on Preliminary Injunction Against Biden's Leasing Moratorium

Last night, Federal District Judge Terry Doughty of the Western District of Louisiana issued a nationwide preliminary injunction blocking President Biden's Executive Order 14008 that halts all new oil leasing permits on federal land. LOGA President Mike Moncla described this ruling as a "win for every worker in the country, but especially in Louisiana where we depend so much on the Gulf of Mexico."

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by
The Advocate
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News

The Advocate: We need more plastics investment in Louisiana, and much less interference

Formosa Plastics has plans to build a $9.4 billion plant in St. James Parish, a proposal that has backing from Republican and Democratic leaders in the state. In response to this proposed investment by Formosa, several attorneys' general from the northeastern United States have published a joint letter scrutinizing the creation of the plant and calling for federal government intervention. that the plant would result in a negative environmental impact on their respective states. Louisiana officials have criticized this external political pressure, and reiterate the creation of new jobs and investment this plant would bring to the state.

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by
Wall Street Journal
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News

WSJ: Climate Lawsuits Take a Hit

State and local governments have been trying to extract tens of billions of dollars from fossil-fuel producers for contributing to climate change. But a 7-1 majority of the Supreme Court on Monday decided an important procedural question in BP v. Mayor and City Council of Baltimore that could put a lid on these suits.

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