Risky Coastal Credit Scheme

Status: Assigned To Committee

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Summary

Louisiana’s coastline and the jobs in that region should be protected. However, the recent coastal settlement would create a risky coastal credit scheme that has failed in every state it has been tried. At this point in Louisiana’s recovery from the pandemic, we must not authorize the risky Freeport-McMoran settlement that makes big claims for the coast, but would actually stifle job growth and opportunity.  It’s crucial to Louisiana’s coastal families that the risky credit scheme be stopped.

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