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Throughout the past year, we’ve seen the number of investments made into carbon capture and storage (CCS) in our state skyrocket, reaching an astounding $6.1 billion. For some, this might come as a surprise, but Louisiana is a natural fit.
For decades, the Louisianan economy has been driven by the growth of our energy industry, employing nearly 250,000 people from all corners of our state while our coastline has developed into a hub for energy and industrial facilities alike.
With an increased emphasis on protecting our environment and reducing carbon emissions, deploying CCS technologies allows for us to continue to meet our nation’s energy demands while still being environmentally responsible.
Attracting CCS investments into Louisiana won’t only bring with it environmental benefits, but it will bring economic benefits with it as well. Studies show that retrofitting a single natural gas powerplant with CCS could create over 2,000 jobs – while protecting many more that could’ve been lost from increased environmental regulations.
Since our state is already home to many of the skilled laborers needed to construct these facilities and the right geology to store the carbon captured, what I would like to say to Governor Bel Edwards is “It’s time we work to make Louisiana the CCS Capital of the World.”

 

Shayne Benedetto

New Orleans