The back-to-back cancellations of two mega projects last summer offered a stark warning that community resistance is having a significant impact on Louisiana’s carbon sequestration projects, reports 10/12 Industry Report in its latest issue.
Air Products announced in June that it was abandoning its $4.5 billion Louisiana Clean Energy project in Ascension Parish, and in the same month SunGas Renewables cancelled its $2.5 billion Beaver Lake Renewable Energy methanol facility near Alexandria. Both investments had endured protracted battles with area residents over their carbon capture plans.
Greg Upton, associate professor-research, LSU Energy Institute, says the regulatory uncertainty around Class VI well permits and growing community resistance likely played big roles in the decisions. Read more from 10/12 Industry Report.
