While the Baton Rouge area has experienced job growth in recent years, much of it was tied to industrial construction, thanks in large part to the boost low natural gas prices gave the region’s petrochemical sector.
The U.S. Department of Energy has given a liquefied natural gas exporter operating in Louisiana and Texas permission for additional sales to every country entirely in Europe as they seek to move away from Russian oil and gas because of that country’s war against Ukraine.
A Louisiana lawmaker has proposed legislation that would position the state to receive nearly $200 million in federal funding to fix abandoned oil and gas wells.
After months of anticipation, the Federal Reserve on Wednesday raised interest rates for the first time since 2018 in hopes of tempering persistent inflation.