Baton Rouge, LA – The Louisiana Association of Business and Industry (LABI) released the following statement after the Biden Administration announced this morning that they will freeze export permits for new liquified natural gas projects.
“LABI will stand against any policy, whether state or federal, that limits the ability for companies to operate in a free market,” said LABI President and CEO Will Green. “That includes this morning’s announcement by the Biden Administration to halt LNG export permits. This decision not only sends the message to our allies abroad that they cannot rely on the US for sustainable energy produced right here in Louisiana, but, perhaps more importantly, it stifles Louisiana’s competitive advantage and our position as a leader in natural gas production. We urge the administration to reverse this decision and allow job-creators within this industry to do what they do best – support thousands of high-wage jobs across the Gulf South, and service businesses across every state in the nation.”