Foster Campbell on Energy & Oil
Q: Do you support government funding for the development of renewable energy (e.g. solar, wind, thermal)?
Q: Do you support increased regulations on the hydraulic fracturing ("fracking") industry?
A: No. I will continue to listen to and study scientific evidence that would support further regulation.
Q: Do you support the federal regulation of greenhouse gas emissions?
A: Yes. I will continue to incentivize reducing emissions so that we don't damage the economy while we save the environment.
Currently, foreign oil refined in Louisiana is not taxed by the state, Campbell said. If a tax were enacted, it would generate $5 billion or more, making it possible to wipe out the income tax and improve the state's education, highway and medical systems. "We have squandered our natural resources," Campbell said. "The politicians have been too cozy with the oil companies." Simply taxing international oil corporations isn't enough, however. Campbell also plans to ask them to pay the state for damages they have caused to its coast--approximately $20 billion, he said.
Proposed constitutional amendment provides for a repeal of all severance taxes which are levied on oil and gas if such a tax is levied and the tax is determined to be valid by a final, non-appealable judgment or as otherwise provided by law.
Legislative Outcome: Died in Senate committee. (SB1 authored by Senator Foster Campbell)
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Retiring in 2014 election:
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