Louisiana is set to become the carbon capture capital of the South. The federal government just announced that it is preparing to dole out hundreds of millions of dollars to jump-start carbon capture projects here in Louisiana, an announcement that has major companies lining up to invest in our state. It’s an economic opportunity that’ll mean more good-paying jobs for Louisianans and tax revenue that will support communities across our state.
However, whether or not those investments can be put to use depends on if the Environmental Protection Agency decides to grant state agencies primary responsibility, or primacy, for the permitting of new Class VI carbon capture projects. If the EPA gets that choice right and gives state agencies here in Louisiana permitting primacy, it would kick our state’s oil and natural gas industry into overdrive. However, if the EPA decides to keep that authority for itself, it could stifle economic growth in Louisiana.
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Founded in 1992, C100 serves as Louisiana’s business roundtable and an advocate for economic development, engaging business leaders in state public policy issues to advance business and industry growth in ways that improve the economy and quality of life across Louisiana. Its membership includes senior executives of leading private and public companies and university presidents.
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