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CITGO continued "Caring for Our Coast" and partnered with the Coalition to Restore Coastal Louisiana (CRCL) to host what is known as the largest volunteer-based restoration project in the region. Volunteers from Calcasieu and Cameron parish came out to Holly Beach Saturday and planted 70,000 dune grass plugs along a five-mile stretch of beach to promote sand along the coast.
"The coast is critical to current business, and it's critical to future business," said CRCL's Kimberly Davis Reyher. "We can find opportunities. We can find a restoration economy as we figure out how to get our land back and perhaps even reach out and teach others."
Cheniere Energy is boosting its investment in its Sabine Pass liquefied natural gas export facility in Cameron Parish by $6 billion to build two production units in addition to the four already under construction.
Shell has started pumping oil and gas from its Cardamom field in the deepwater Gulf of Mexico, its second major startup in the region this year. The development is expected to produce up to 50,000 barrels of oil equivalent per day.
The Cardamom, located 225 miles southwest of New Orleans, sat undiscovered until 2010.
Chevron announced Tuesday in New Orleans that it will include South Louisiana in its third annual "Fuel Your School" initiative, expanding the program this year to 22 U.S. Communities.
Through collaboration with DonorsChoose.org, the initiatve will generate up to $500,000 for local public school teachers and students to acquire the necessary tools for students to learn, explore, and get excited about school. Chevron encourages STEM-related projects, to help prepare students for jobs of the future.
ExxonMobil contributed $84.4 million in East Baton Rouge Parish taxes, $144 million in state taxes l
LSU economist Loren Scott likened ExxonMobil to a rock, which if dropped into the great pond of the state's economy, creates a ripple effect that could be felt far away in multiple areas.
He used this analogy to illustrate the effect ExxonMobil has made on Louisiana's economy in 2013 in a presentation to several elected officials and industry players Tuesday (Aug. 26).