February 07, 2017

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A SPECIAL REPORT FROM THE CHESAPEAKE GROUP

The Chesapeake Group is hired by the Houma-Terrebonne Chamber of Commerce to lobby in Baton Rouge on behalf of the business community in our region. 
   The link below is a comprehensive report based on Governor Edwards' Call for a Special Session and the information collected to date relative to the economic outlook of Louisiana.  The final report for the Task Force on Structural Changes on the Budget and Tax Policy is also included.  Any recommendation from this report may be addressed in the special session if it fits within the parameters of the call or can be included during the regular Fiscal Session beginning April 10, 2017.
 
   On Friday February 3, 2017 Governor John Bel Edwards issued his call for the 1st special session of 2017.  The call included in the attached report includes the ability to legislate normal state operating expenses and to legislate the various methods of appropriations of state monies among other topics.  The special session will last 9 days and is designed to plug an estimated $313 million shortfall for the current fiscal year.
 
 
This Week 
Around Louisiana
This has been a big week for news in Louisiana.  It was reported late this afternoon Gov Edwards' Chief of Staff will be retiring and it is reported the Call for a Special Session will be released Monday February 6, 2017.  The links below are a few other highlights in news from around Louisiana for the week ending February 3, 2017.
 
 By Elizabeth Crisp | The Advocate

 
By Jeff Sadow |  The Advocate

By Elizabeth Crisp |  The Advocate
 
Greg Hilburn |  USA TODAY Network

Ken Stickney |  The Advertiser

By Joe Macaluso |  The Advocate

By Keith Magill / Executive Editor | 
Daily Comet

Advocacy

Advocating for hurricane protection.

Advocating for coastal 
protection and restoration.

The Latest in Oil 
& Natural Gas

The Industry has been 
doing its part for Louisiana's coast for decades
via Houma Today
 
The oil and natural gas industry has been an economic partner and steward of Louisiana's working coast for more than a century. It is providing a significant portion of the funding that will make the Coastal Master Plan a reality. Any honest evaluation of the past, as well as the efforts to protect the future, will conclude that Louisiana's oil and natural gas industry has always been a partner in building our communities and working together on our coast. 
 
The spirit exemplified within the coastal plan is one of unity and collaboration for a common goal. We are all in this together, and it will take the concerted effort from all parties pulling in the same direction to make an impact along Louisiana's coast. Louisiana cannot afford to single out the group that is already the No. 1 private investor in our coast and the largest employer in our state.
 
Read GLAC's full article on Houma Today or on our website.
Highlights: BP Energy Outlook outlines the path for global energy over the next 20 years

    * The world's population is projected to increase by approximately 1.5 billion people, which would total nearly 8.8 billion people by 2035. This means the world will require more energy.
    * Although renewable power capacity will rise, oil, natural gas and coal remain the dominant sources of energy, accounting for more than three-quarters of total energy supplies in 2035.
    * Fuel used to produce everyday items such as medicine, fabric and technological chips remains robust and becomes the largest source of oil and natural gas demand growth toward the end of the 20-year prediction. Everyday tasks and needs would be difficult without oil and natural gas to create these items.