The administration, however, continues to face widespread protest over the loss of jobs and income from a deepwater six-month drilling moratorium. The WSJ reports that the president got an earful of angry sentiment during his visit to the Gulf Coast Friday:
At a meeting at the New Orleans airport, Charlotte Randolph, president of Lafourche Parish, said she implored Mr. Obama for the second time in eight days to immediately lift the deepwater drilling moratorium. Billy Nungesser, president of Plaquemines Parish, suggested to the president he should deploy a federal official on every rig with the authority to shut it down at the first sign of trouble. Then he could lift the moratorium.
When neither of those ideas gained traction, Steve Theriot, president of Jefferson Parish, said he asked the president to lift the moratorium on every oil company but BP.
Read the WSJ story here.
Among local groups speaking out against the moratorium is the Greater Lafayette Chamber of Commerce.
KLFY TV-10 reported Monday that chamber CEO Rob Guidry believes the president and Congress don’t understand what’s at stake if the moratorium isn’t lifted. “We know it was the slick that has destroyed our fishing industry, and we know it was the slick that is destroying our tourist industry, but we think it is Washington that is killing our oil and gas industry with this moratorium, and we are hoping to convince those in power into make that stop” Guidry told the station.
Chamber representatives are in Washington, the station reported, pushing an agenda that parallels Nungesser’s suggestion to have a federal inspector on board each rig 24 hours a day so that the moratorium could be removed. Read that story here.
C & C Technologies, HIT Fitness, R3 Sciences, the Acadiana Symphony Association and the United Way of Acadiana recognized for innovation.
Under the deal, Teche shareholders would get 1.162 shares of IberiaBank for each share of Teche stock.
Dave Perkins, LCG Comp Plan honored along with local architects and designers at the 2014 INDesign Awards
Greg Manuel’s Lafayette-based residential development company is taking advantage of exponential industrial growth in Lake Charles.
Longtime Lafayette retailer ventures online.
The annual juried competition recognizes excellence in architecture, interior design and historic preservation in Lafayette and the five surrounding parishes.
It’s not how aggressive or conservative you are — it’s planning for risk that matters most.
Cypress Bayou GM hosts open house.
Thanks to cutting-edge digital technology, more and more consumers are banking on ATMs and mobile phones.
Regional bank bids farewell to Downtown May 30
ABiz takes a look back at the most noteworthy moments for the local banking industry over the last year.
Most experts say short-term interest rates will be unchanged through 2014, but long-term rates are inching up.
New hires, promotions, transfers in Acadiana business
The scion of a landmark Four Corners restaurant climbs back into Lafayette’s culinary scene as franchisee for a popular burger chain.
Largest recruitment event in Acadiana returns May 21 to the Cajundome Convention Center
A lawyer’s ad should only be a starting point, as there is much more to consider when seeking quality representation.
Thanks to the inaugural 2012 INNOV8, a design for lifting heavy objects was brought to market.
His company bankrupt and being liquidated, the Lafayette businessman’s financial troubles are mounting.
Georgia-based fried chicken chain would go up against Raising Cane’s, Chick-fil-A and others (like the Popeyes near its proposed location).
A Scott businessman has pleaded guilty to failing to report a conspiracy to award Opelousas Housing Authority construction bids to his company.
Court-appointed examiner says Lafayette businessman was “effectively on both sides” of transactions, opens door for legal action against him.
Lafayette-based insurance broker/risk management group bought by Florida firm for undisclosed sum; principals Landry and Harris continue to run local operations.
The House labor committee rejected bills Thursday that would have set the state minimum wage higher than the hourly federal rate of $7.25 and would have allowed local governments to set their own minimum wage.
Of the major oil- and gas-producing states, Louisiana gained nine rigs, Texas increased by seven, California gained three and New Mexico increased by one.
The Louisiana Workforce Commission said Friday that initial claims rose to 2,101 from the previous week's total of 1,985. There were 2,444 initial claims during the comparable week in 2013.