Louisiana House Bill HR91

Louisiana 2019 Regular Session

• Introduced: 4/29/19
• Passed: 4/30/19

Caption

Designates Wednesday, May 1, 2019, as Oil and Natural Gas Industry Day at the state capitol

Impact

The resolution serves to enhance statewide recognition and appreciation of the oil and natural gas sector's importance in Louisiana. By formally designating a day for this recognition, it aims to promote awareness of the industry's role within the local economy and to justify its significance in providing jobs and economic stability to residents across the state. The resolution aims to reinforce the connection between the state's economy and its natural resource sectors, potentially influencing future policies in favor of supporting and investing in the energy industry.

Summary

House Resolution 91 recognizes Wednesday, May 1, 2019, as Oil and Natural Gas Industry Day at the Louisiana state capitol. This resolution celebrates the substantial contributions of the oil and natural gas industry to the state's economy, highlighting that hundreds of thousands of residents rely on these industries for their livelihoods. The document emphasizes the significant economic impact of the oil and gas sector, contributing approximately $72.8 billion to the state's economy and generating over $19 billion in household earnings. Additionally, the industry is recognized for its substantial tax contributions that support critical state-funded initiatives, including education and healthcare.

Sentiment

Overall, the sentiment surrounding HR91 is positive, reflecting pride and gratitude towards the oil and gas industries' contributions to Louisiana. The resolution is framed as a celebration and acknowledgment of the industry's longevity and its integral role in the state's economic landscape. By recognizing Oil and Natural Gas Industry Day, lawmakers express unity in supporting the sector, which is pivotal for both employment and economic health in Louisiana.

Contention

While HR91 is primarily celebratory in nature, it could spark discussions about the challenges and environmental concerns associated with the oil and natural gas industries. Notably, the resolution does not address potential criticisms related to environmental impact, sustainability, or the transition to renewable energy sources. As such, while it reflects a consensus support for the industry, it may also gloss over the broader debates surrounding energy production and climate concerns that could be contentious among different stakeholders.