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The Economic Impact of Biden’s LNG Permit Pause in Louisiana

2024-04-22 21:21:48.714000

The Biden administration's decision to pause liquefied natural gas (LNG) export projects has been criticized for its negative impact on Louisiana's economy and job market. Louisiana is a major player in the LNG industry, with two of the nation's top five export terminals. The pause comes at a time when Louisiana's energy sector is booming, and the impact on workers and families will be devastating. The oil and gas industry supports 249,800 jobs and contributes $73 billion to the state economy. Louisiana is one of only eight states with fewer people employed than pre-COVID, and the pause threatens to drive more jobs and opportunities out of the state [e0f12e48].

The pause on LNG export projects in Louisiana has been described as a setback for the state's economy and job market. Louisiana is a major player in the LNG industry, with two of the nation's top five export terminals. The oil and gas industry in Louisiana supports nearly 250,000 jobs and contributes $73 billion to the state economy. The pause comes at a time when Louisiana's energy sector is booming, and the impact on workers and families will be devastating. The article highlights that Louisiana is one of only eight states with fewer people employed than pre-COVID, and the pause threatens to drive more jobs and opportunities out of the state [e0f12e48].

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