Louisiana House Bill HCR35

Louisiana 2018 Regular Session

• Introduced: 4/10/18
• Engrossed: 4/10/18
• Passed: 4/11/18

Caption

Recognizes April 10, 2018, as Liquified Natural Gas Day at the Legislature

Impact

The resolution points out that Louisiana's LNG industry is projected to invest over $90 billion over the coming decade, which would create tens of thousands of construction and operational jobs. This investment is anticipated to boost local economies and expand Louisiana's tax base significantly. Moreover, the resolution calls attention to the importance of LNG exports in establishing energy self-sufficiency for the United States and reducing dependency on less favorable foreign energy supplies.

Summary

HCR35, also known as the resolution recognizing April 10, 2018, as Liquefied Natural Gas Day at the Legislature, emphasizes the significant contributions of the liquefied natural gas (LNG) industry to the state of Louisiana. The resolution highlights the various economic advantages provided by the LNG sector, including job creation, community involvement, and substantial investments that contribute to the economic well-being of the state.

Sentiment

The sentiment around HCR35 appears predominantly supportive, as the resolution reflects a unified message from a diverse coalition of Louisiana LNG producers, business groups, and advocacy organizations. These stakeholders recognize the positive impact of LNG on both the local economy and national energy policy. By acknowledging the contributions of the LNG sector, the resolution reinforces the commitment to advancing Louisiana’s role in the energy export market.

Contention

Notable points of contention may arise regarding environmental concerns associated with LNG production and the potential impact on local communities. While the resolution promotes the economic benefits of LNG exports, critics may voice concerns over the balance between economic development and environmental protection. This resolution serves as a declaration of support for LNG, aiming to streamline permit approvals for export facilities, which may spark debate on regulating such developments responsibly.