The regional economic alliance GNO, Inc. has unveiled a new economic development plan for energy this week that LSU’s Dr. James Richardson estimates will create $25 billion in new revenue and potentially add up to 9,000 jobs across the state. In crafting this plan, GNO, Inc. isolated the segments of Louisiana’s abundant energy resources that are underutilized, yet synergistically linked: deep gas exploration, gasification, and enhanced oil recovery. The three-pronged approach suggests changing existing tax structures to optimize the production and exploration, and also utilizing existing technology to protect the environment from energy’s hazardous by-products. GNO Inc. President/CEO Michael Hecht calls the strategy “the best kind of economic development – driving policies to create the conditions for investment and wealth creation to naturally occur. The $25 billion in new revenue accrues to Louisiana just for being smart about our business.” To read the full story, click here.
GNO Inc. unveils plan to boost energy production by $25 billion
Sign up for the free Daily Report email – local news about the people, companies and issues that impact business impact business in Baton Rouge and beyond.
