Louisiana House Bill HCR91

Louisiana 2016 Regular Session

• Introduced: 4/25/16
• Engrossed: 4/26/16
• Passed: 4/28/16

Caption

Designates Wednesday, April 27, 2016, as Liquefied Natural Gas Day at the state capitol

Impact

The resolution emphasizes the projected increase in natural gas production, which is expected to rise by 55% by 2040, and highlights the importance of LNG exports as a means of meeting both domestic and international demand. By supporting the development of LNG export facilities, the state aims to benefit economically from infrastructure projects that generate job opportunities and increase local tax revenues. This presents a potential economic boon particularly for communities involved in LNG production.

Summary

HCR91 is a House Concurrent Resolution designating April 27, 2016, as 'Liquefied Natural Gas Day' in the state capitol of Louisiana. The resolution underscores the significant opportunities presented by the United States' advancements in natural gas extraction and liquefaction technologies. It promotes the notion that the expansion of liquefied natural gas (LNG) exports will boost economic growth, create jobs, and contribute to the nation's energy independence while minimizing dependence on hostile regimes for energy needs.

Sentiment

The sentiment surrounding HCR91 appears to be highly positive, particularly from industry stakeholders and legislators supporting LNG advancements. Advocates within the energy sector, including Louisiana LNG producers and business groups, view the resolution as an essential step in promoting the state's natural gas capabilities and its contributions to the economy. This support is evidenced by the resolution's backing of the 'Our Energy Moment' initiative aimed at fostering public understanding of LNG benefits.

Contention

While the resolution itself does not appear to face direct opposition in the legislative discussions, broader discussions about LNG exports can be contentious, addressing concerns regarding environmental impacts and the socio-economic effects of increased energy production. Although HCR91 showcases support from various sectors, the potential consequences of expanded LNG exports may provoke future debates on regulation and environmental protections, requiring ongoing scrutiny and consideration in legislative and community dialogues.