02/14 - Energy’s Environmental Footprint
What cost to the state are energy’s economic dividends?
Severance taxes, royalties and bonuses from the energy sector account for nearly 17 percent of the state’s revenue stream. But how much responsibility does the energy sector bear for Louisiana’s environmental challenges? A current lawsuit contends that the actions of 97 oil companies have damaged Louisiana’s wetlands and threatened flood protection for coastal residents. The oil and gas industry says its practices were legal at the time and that a surge in environmental lawsuits is driving investors away from Louisiana. Are current lawsuits legitimate attempts at compensation or part of a litigious environment that threatens to kill the state’s oil and gas “golden goose?” Louisiana Public Square looks for answers on “Energy’s Environmental Footprint” airing Wednesday, February 26th at 7 p.m. (Record date Tuesday, February 25th)
Our panelists will be:
• John Barry, “Restore Louisiana Now”
• Sen. Norbert Chabert, R-Houma, member of Senate Natural Resources Commission
• Foster Campbell, Public Service Commissioner
• Keith Hall, J.D., Director of the Louisiana Mineral Law Institute
LSU Media Law professor, Craig Freeman will moderate. The program also includes interviews with Sen. Robert Adley, R- Benton; Don Briggs, president of The Louisiana Oil and Gas Association; Jonathan Henderson, with the Gulf Restoration Network; Oliver Houck, Tulane University Law School; and Keith Lovell, Louisiana Department of Natural Resources.
Since oil was first discovered in Louisiana in 1901, the state has produced 159.5 trillion cubic feet of natural gas and 17.5 billion barrels of oil, according to the Louisiana Department of Natural Resources. That's as much oil as the entire United States produced from 2001-2010. Over the years through severance taxes, royalties, rentals, and bonuses, the oil and gas industry has benefitted the state’s economy in varying degrees.
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Great show on a very important topic! While Louisiana’s oil and gas companies are vital for good paying jobs for our citizens, they must be forced to comply with our environmental laws. As long as our state has an abundance of oil, the oil companies aren’t going anywhere.
Posted by Ryan S. on 02/26 at 09:05 PM
I applaud LPB for this episode of Louisiana Public Square, which was handled in an informative and balanced manner, with an excellent selection of speakers.
I’m a coastal scientist with long experience in Louisiana’s coastal crises and its attempt to mount a feasible delta restoration program.
I’m also an ardent supporter of the lawsuit to force the energy industry to underwrite the cost of mitigating its incredibly destructive ‘footprint’ across critical coastal landscape.
Posted by Len Bahr on 02/26 at 09:48 PM
Oil & Gas industry self regulate—- they control most of the legislators and the governor——- the DNR works for the oil & gas industry & not the people of Louisiana——If the state collected all the money due from the oil & gas industry, it would be one of the wealthy states in the union!! What you break or mess up, you have to fix up!! Oil & Gas companies you are not exempt!!
Posted by Glo Conlin on 02/27 at 09:43 AM
Wonderful show. We take so many things for granted. Hopefully this show will open many eyes. There is room for a collaborative partnership; too many folks say its either jobs or the environment. Both are necessary and both can be protected and advanced.
Posted by Brian Mahany on 03/08 at 01:55 PM
We take so many things for granted. Hopefully this show will open many eyes. There is room for a collaborative partnership
Posted by Adam on 03/20 at 04:24 AM
Wetlands are a very important source of biodiversity. Some very interesting videos. In Spain, our company is fighting for a diagnosis and proper management of water resources, so I understand perfectly.
Posted by Viewer on 03/24 at 07:44 AM
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