Louisiana pursues bipartisan effort to lure clean energy projects
At the same time the Texas Public Policy Foundation, an influential conservative think tank in Austin whose board includes billionaire Tim Dunn, owner of oil company CrownQuest Operating, is advocating for the state legislature to"counteract federal renewable energy subsidies" and boycott financial institutions that divest from oil companies and"other industries similarly targeted by climate activists,"At stake are billions of dollars in federal grants and tax incentives for...
“Developers want to go to friendly areas that are supportive of renewables,” he said. “Texas has an incredible opportunity here. It’s unfortunate politics and strong oil and gas lobby has to get in the way.” Along the Mississippi River south of Baton Rouge, Singapore-based oil tanker firm Hafnia is developing a $7.5 billion clean hydrogen and ammonia plant with carbon storage – just down the road from another clean hydrogen project led by Pennsylvania-based Air Products at a cost of $4.5 billion.— compared to two in Texas — and is expected to secure permission from the federal government to permit its own carbon capture sites later this year.
“Climate change is an existential issue for people here, regardless of their political background,” he said. “Some of the biggest supporters of our offshore wind initiatives are old-line oil and gas companies. They realize the exact same assets and people and training used to service an offshore rig can be used to build an offshore windmill.
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