"If all 15 liquefied natural gas plants in Texas and Louisiana open, reductions in overall U.S. greenhouse gas emissions would slow"
"The week before Thanksgiving, employees of Cameron LNG handed out turkeys and fixings to residents in southwest Louisiana. Earlier in the month, Cheniere Energy, Cameron LNG, and Venture Global LNG sponsored the Sabine Pass Lighthouse Hayride, helping to revive a local tradition. And Commonwealth LNG pledged more than $1 million to support education and health care in the region.
These liquefied natural gas companies can afford to be generous, according to a new report from the Sierra Club. It says Louisiana’s nine operating, under construction and planned liquefied gas terminals are set to receive more than $21.1 billion in local property tax exemptions if all facilities are completed.
The subsidies extended to the LNG industry in Louisiana would double the $20 billion awarded to all of the state’s industry since 1998 through the state’s Industrial Tax Exemption Program (ITEP) according to a 2024 study from the Ohio River Valley Institute, a nonprofit that researches problems primarily in Appalachia.
Those property tax incentives, considered some of the most generous in the nation, amount to an “effective subsidy” of $6.7 million per job at the facilities, according to the Sierra Club."
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