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The Louisiana Oil and Gas Association (LOGA) and the Louisiana Mid-Continent Oil and Gas Association (LMOGA) released the following statements upon receiving notification that the United States Fifth District Court of Appeals denied the plaintiffs' petition for a re-hearing of the Southeast Louisiana Flood Protection Authority-East’s (SLFPA-E) lawsuit against oil and gas companies alleging damages to coastal land.
At this point, plaintiffs have exhausted all avenues of litigation, except through the U.S. Supreme Court.
On March 29, just inside of two weeks until the 2017 Legislative Session convenes, Governor John Bel Edwards released his “2017 Budget Stabilization Plan.” The response has yielded more questions than answers. Unfortunately, it does not appear any certainty will arrive before the Legislature will consider his plan.
We are surveying our members and waiting to receive more information on the Governor’s plan to create a new gross receipts tax, which is modeled on the corporate tax system in Ohio. However, based on our understanding of the Ohio model, we are concerned about the negative impact the proposed tax would have on our members.
It’s that time of year. With the Christmas holiday around the corner, it is customary to put together the “wish list” of items one wishes to see underneath the tree. As for the oil and gas industry, there are plenty of things that made 2016 a difficult year. See below for my “wish list” that would make 2017 a success.
Budget Discipline: The business community absorbed more than $2 billion in tax raised during two special sessions this year. Then came the news Louisiana’s budget was still “short” about $600 million. With another fiscal legislative session looming, it is my hope that a serious look is given at the state’s spending practices and priorities. This year’s focus was trying to grab as much revenue as possible, without examining what the revenue was actually funding. Hopefully, the lesson has been learned and the other side of the ledger will be reviewed.
Energy Leaders Respond to New District Court Ruling on Coastal Litigation, Gov. Edwards’ Renewed Calls for More Lawsuits
BATON ROUGE, LA (Nov. 10, 2016)— Louisiana Oil and Gas Association (LOGA) Acting President Gifford Briggs and Louisiana Mid-Continent Oil and Gas Association (LMOGA) President Chris John today issued the following joint statement in response to 24th Judicial District Court Judge Stephen Enright’s decision to grant a motion for a new trial in the lawsuits involving Gov. John Bel Edwards, Louisiana Department of Natural Resources (DNR), Jefferson Parish and numerous oil and gas exploration and production companies over alleged violations of coastal use permits:
It is difficult to decide where first to begin in response to John Barry’s latest rambling in The Advocate. I suppose it makes sense to begin where he erroneously calls out my association, the Louisiana Mid-Continent Oil and Gas Association and a 1989 report we commissioned and issued. This isn’t the first time Barry has made this claim or fabricated conversations with industry. My aim is to make it his last.