LMOGA on The Ocean-Based Climate Solutions Act

The Louisiana Mid-Continent Oil & Gas Association (LMOGA) made the following remarks in response to the Ocean-Based Climate Solutions Act of 2020:

“Any efforts to cut off oil and gas leasing in the Gulf of Mexico and the Outer Continental Shelf threatens America’s energy independence and the way of life for hundreds of thousands of Louisiana families,” said LMOGA President Tyler Gray. “The Ocean-Based Climate Solutions Act is not a solution at all. It is a reckless act potentially impacting 20% of America’s domestic energy production and ultimately increasing our dependence on less reliable foreign energy sources while threatening the energy security we have fought so hard for."

“This backwards proposal would have drastic impacts on the communities that depend on our tax revenues for local governments, environmental programs and the protection and resiliency of our coast,” said Gray. “Local communities throughout Louisiana already reeling from the impacts of the pandemic, would be significantly impacted by any proposal that threatens access to energy development, halting our state’s ability to reap the benefits the energy industry has provided to generations of Louisianans.”

According to a recent report released by LMOGA, Louisiana’s oil and natural gas industry supported 249,800 jobs, contributed $73 billion to the state GDP, and accounted for nearly $4.5 billion of state and local tax revenue in 2019. In addition, through GOMESA, energy production on the Outer Continental Shelf generated over $155 million for coastal restoration and hurricane protection projects in 2019 alone.

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About LMOGA

The Louisiana Mid-Continent Oil & Gas Association (LMOGA), founded in 1923, is a trade association exclusively representing all sectors of the oil and gas industry operating in Louisiana and the Gulf of Mexico.