Your web browser is out of date. Update your browser for more security,
speed and the best experience on this site.
You have successfully subscribed to the newsletter!
08 16, 2022 by LMOGA
The Louisiana Mid-Continent Oil & Gas Association (LMOGA) issued the following statement in response to President Biden signing the Inflation Reduction Act of 2022 today. “We appreciate the positive progress in the Inflation Reduction Act on Gulf of Mexico lease sales and the inclusion of provisions that address the energy transition, creating more operational certainty for our industry offshore and encouraging continued investment in low carbon solutions, such as carbon capture and sequestration,” said LMOGA President Tommy Faucheux.
“While we welcome steps towards protecting American energy security and investments in climate solutions, the legislation falls short of fully addressing long-term energy needs and includes challenging tax policies that discourage needed investments in oil and natural gas,” said Faucheux. “Louisiana and the Gulf of Mexico are uniquely positioned to provide affordable, reliable, secure energy to meet American needs, while simultaneously reducing our carbon footprint. Our industry stands ready to work together with all parties towards common sense policies that support our climate goals and increase domestic energy production.”
Oct 18, 2023 | by LMOGA
Sep 29, 2023 | LMOGA
Aug 02, 2023 | LMOGA
May 16, 2023 | LMOGA