Louisiana Senate Bill SR143

Louisiana 2018 Regular Session

• Introduced: 4/24/18
• Passed: 4/25/18

Caption

Designates Tuesday, April 24, 2018, as Oil and Natural Gas Industry Day at the state capitol.

Impact

The resolution serves not only as a means of recognition but also as an affirmation of the industry’s critical contributions to the Louisiana economy. It highlights the massive tax contributions of nearly $2 billion, which are vital for funding essential state services like education, healthcare, and infrastructure. Furthermore, the oil and natural gas sector is recognized as a principal investor in coastal protection initiatives in Louisiana, working alongside scientists and environmental projects to sustain and enhance the coastline.

Summary

Senate Resolution 143, proposed by Senator Chabert, designates April 24, 2018, as the fourth annual Oil and Natural Gas Industry Day at the state capitol. This resolution underscores the significant role that the oil and natural gas industry plays in Louisiana's economy, employing over 260,000 individuals across various sectors including both on-site and office roles. With an economic impact of $72.8 billion, the industry contributes massively both to employment and household earnings across the state, benefiting all but one parish in Louisiana.

Sentiment

Overall, the sentiment surrounding SR143 is positive, reflecting a strong appreciation for the oil and natural gas industry’s contributions to the Louisiana economy and community. The resolution is framed as a means to commend and celebrate the industry’s longstanding partnership with the state, emphasizing its importance to energy production and economic resilience.

Contention

While SR143 is largely celebratory, it may also highlight underlying tensions in discussions about the oil and natural gas industry’s environmental impacts. The resolution does not delve into these concerns; however, recognizing such critical contributions may implicitly minimize the discussions around the industry's environmental footprint and the balance between economic interests and eco-sustainability.