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President Joe Biden’s Bipartisan Infrastructure Package provides up to $4.7 billion to plug some abandoned oil wells, including $560 million awarded this year to 24 states to address some of the worst polluting wells. Some estimates say the cost to close all of the abandoned wells could be several times more than the amount provided in the infrastructure law.
Today, Louisiana’s 19th Judicial District Court reversed the Louisiana Department of Environmental Quality’s (LDEQ) decision to issue air permits that Formosa Plastics needed to build its proposed petrochemical complex in St. James Parish. The decision throws out the air permits and sends Formosa Plastics back to the drawing board.
There are thousands of orphaned wells in Louisiana that pose a threat to residents and the environment. New federal funding will help the state plug many abandoned wells, but some question if that's enough.
The University of Louisiana at Lafayette plans to use the property for research on storing carbon underground in an effort to stem climate change.
The state has set aside $9 million to buy 2,000 acres of swampland that a former Louisiana House speaker co-owns