Oil and Gas is Still an Important Economy in Louisiana, No Matter What “Honor Code” Thinks

Photo source: Oil and Gas IQ

Photo source: Oil and Gas IQ

While “Honor Code” Edwards and his trial lawyer cronies are bent on crippling one of the greatest economies that this state has ever had, oil and gas still proves to be a bountiful source of revenue for Louisiana.

WASHINGTON — Louisiana will get nearly $95 million for coastal protection and restoration efforts in the latest round of payments from the federal government’s Gulf energy royalties.

State officials quickly hailed the announcement of the latest round of Gulf of Mexico Energy and Security Act funding as a win for the state’s conservation and hurricane protection efforts.

Read more: Louisiana gets nearly $95 million for coastal restoration from federal oil revenue-sharing pact

Posted on May 1, 2019 and filed under John Bel Edwards, Louisiana, Oil and Gas.