Outraged reaction from the oil and gas industry was swift last week, when President Joe Biden signed several executive orders designed to address climate change by shifting production and consumption away from fossil fuels toward renewable forms of energy. But while some predict doom and gloom, others see opportunities for Louisiana to capitalize on the direction the new administration is trying to take the country.
The Louisiana Board of Commerce and Industry voted unanimously this morning at its virtual meeting to approve ExxonMobil’s request for a property tax abatement, worth some $20 million over 10 years, for its proposed $240 million modernization project at its north Baton Rouge refinery.
The Board of Commerce and Industry is meeting this morning to consider ExxonMobil’s request for a property tax abatement, worth some $20 million over 10 years, for a proposed $240 million modernization project at its north Baton Rouge refinery.
An effort by an entity with ties to businessman Jim Bernhard that was trying to disqualify a competing company for a lucrative deal to provide heating and cooling services to buildings on the main LSU campus appears to have backfired.