ENERGY/CONSERVATION: Requests a study of compensation for owners of stranded minerals
This bill directs the Louisiana House Committee on Natural Resources and Environment to study how mineral owners are compensated when their resources are left inaccessible due to government actions like eminent domain or industry consolidation. The study will examine specific issues such as stranded reserves, extra drilling costs, and the impact of carbon capture projects on private property rights. Committee members are instructed to gather input from legal experts, industry leaders, and landowners to understand current practices before submitting their findings to the House. The final report is due before the 2025 legislative session begins, with the goal of informing potential future laws on fair compensation.
Bill status
introduced
1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
Governor
Introduced May 10, 2024
Last action May 24, 2024
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Full legislative history
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Total actions
3
Key actions
0
Committee
0
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Danny McCormick
RRepublican
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