LABI president: Obama policy on climate change could hamper La. energy sector

In a new column, Louisiana Association of Business & Industry President Dan Juneau says the Obama administration’s approach to address climate change will ultimately hurt the energy sector in Louisiana and across the country. Citing a report today from Bloomberg—which says Obama is preparing to tell all federal agencies for the first time that they should consider the impact on global warming before approving major projects, from pipelines to highways—Juneau says the approach could “have a major impact on the oil and gas industry.” It could also “severely hamper offshore drilling permits and leasing activity,” he says, as well as “stifle the shale drilling boom that significantly turned around domestic U.S. oil and gas production.” All this might happen, Juneau says, while there is still a “huge discussion going on in scientific circles about how much and for what reasons the climate is changing, what impact human activity has on any of those changes, and whether adaptation or prevention is the more feasible route to take to address any changes occurring.” You can check out the complete column here.