When Australia’s Woodside Energy Group announced April 29 that it plans to move forward with its Louisiana LNG export terminal, the state hailed the move as the “largest single foreign direct investment and greenfield project in Louisiana history.”

It could also create perhaps the largest single local tax giveaway in U.S. history, under a Louisiana law offering corporations property tax breaks worth billions of dollars, a new Sierra Club study shared with DeSmog finds — representing a massive subsidy from Louisiana communities for exporting fossil fuels from the U.S. to Europe and Asia.

The post Louisiana Gas Tax Break Could Cost Local Communities $2.8 Billion appeared first on PopularResistance.Org.

This post was originally published on PopularResistance.Org.