Louisiana

“In the last five or 10 years, the industry, both because there are more of them, but also because the companies themselves have expanded their size and have increased the amount of product that they're producing, we're seeing an increase in the total amount of…”

“Under the ITEP program, Marathon was by far the largest benefactor from the program. At one point they were receiving 1.5 million dollars in tax exemptions per job that Marathon created.”

“In the early eighties, when oil and gas was sort of at its peak, more than 40% of Louisiana state revenue came from oil and gas. Today, oil and gas pays less than five percent of Louisiana state revenue.”

“The result of that was two-thirds of the emissions in Louisiana disappeared over the next 15 years.”

“Some of these plants have been in consistent violation of their Clean Air Act permits for more than a decade, and they are still in operation every day.”

“So they did this and it cut the construction time in half. It allowed them to fully project finance what was a first of a kind project down in Louisiana. And now they've done over thirty five billion in project finance this way and scaled it up very quickly.”