CLIMATE LAWSUITS MAY DRIVE THOUSANDS OF JOBS OUT OF THE US, BUSINESS LEADER SAYS

 Photo source: National Journal

Photo source: National Journal

LABI President and CEO Stephen Waguespack warns that the mounting legal costs and hostility to business will force manufacturers out of select states and could push businesses out of the country altogether.

Lawsuits targeting oil and gas producers over Louisiana’s coastal environment have been “in vogue” in the state since 2013, according to Waguespack. Since then, Louisiana’s manufacturing sector has fallen behind surrounding states.

Read more: CLIMATE LAWSUITS MAY DRIVE THOUSANDS OF JOBS OUT OF THE US, BUSINESS LEADER SAYS

Posted on September 13, 2018 and filed under Louisiana, Oil and Gas.