The proposed settlement is heralded by some as a major victory, supposedly securing $100 million for the state to use for coastal restoration. In reality, the proposed settlement, if adopted, would yield nowhere near $100 million and divert much of the money it did raise to unrelated government spending. Two key flaws undermine the settlement’s...View Report
If Markey and Holt succeed, coastal states would lose out on approximately $150 billion over the next 60 years.
The study projects a loss of approximately $341 billion in economic output, 155,000 jobs, and $68 billion in wages- catastrophic numbers in any circumstances.
“Politically correct” sources of energy are largely futile and Obama administration policies are a war against the energy industry and the Louisiana economy, says Pelican Institute guest speaker.