Louisiana House Bill HCR69

Louisiana 2019 Regular Session

• Introduced: 5/8/19
• Engrossed: 5/9/19
• Passed: 5/14/19

Caption

Recognizes Tuesday, May 14, 2019, as the seventh annual Liquified Natural Gas Day at the Louisiana State Capitol

Impact

The resolution acknowledges the anticipated growth in domestic natural gas production and the essential role Louisiana plays in the global LNG market. Support for LNG exports places Louisiana at the forefront of energy discussions, as the state is expected to attract significant investments and create thousands of jobs in the process. Moreover, this resolution serves as a policy tool aimed at encouraging federal action to streamline the approval of LNG export facilities, thus amplifying the economic benefits for the state and the nation alike.

Summary

House Concurrent Resolution 69 (HCR69) recognizes May 14, 2019, as the seventh annual Liquefied Natural Gas (LNG) Day at the Louisiana State Capitol. This resolution highlights the state's commitment to the growing LNG industry and its significance in achieving energy self-sufficiency for the United States. The resolution emphasizes the economic benefits that arise from LNG exports, including job creation, increased infrastructure investments, and the expansion of the Louisiana tax base. HCR69 represents the state's recognition of the potential of LNG as a catalyst for economic growth.

Sentiment

The sentiment surrounding HCR69 appears to be overwhelmingly positive, with broad support from business groups, energy producers, and policymakers who view the LNG industry as vital for Louisiana's economic future. The resolution reflects a unified stance on the importance of LNG exports in not only boosting local economies but also in enhancing national energy security. This collaborative spirit among stakeholders suggests optimism about the potential of LNG to revitalize Louisiana's economy.

Contention

While HCR69 primarily reflects support for the LNG industry, it also implicitly points to ongoing debates about energy policy, environmental concerns, and local impacts. Critics may contend that rapid expansion of the LNG sector could lead to tensions over environmental regulations and community impacts. Nonetheless, the resolution focuses on fostering job creation and economic opportunity, sidestepping more contentious discussions related to environmental sustainability and the long-term effects of expanding fossil fuel exports.