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Started By
Message
re: ExxonMobil withdraws ITEP requests, future Baton Rouge expansion in question
Posted on 1/22/19 at 10:36 pm to Deactived
Posted on 1/22/19 at 10:36 pm to Deactived
If you live in EBR and own a home, you can take all your trash to the dump personally, but you will still pay for trash collection. It's the law. No way out if it.
0
Posted on 1/22/19 at 10:36 pm to Martini
It's obvious Exxon is important to EBR. Economic studies on both sides would suggest the same.
The question is whether the ITEP program is spurring growth that would go elsewhere.
I'd imagine we'll soon find out.
The question is whether the ITEP program is spurring growth that would go elsewhere.
I'd imagine we'll soon find out.
Posted on 1/22/19 at 10:47 pm to slackster
It’s already started. JBE turned up his nose at a $7 Billion Exxon grassroots plant that went to Corpus instead of Louisiana. The company is going all in on the Permian Basin, including infrastructure to get that feedstock to facilities on the Gulf Coast, just looks like there will be fewer pipeline runs across the Sabine to worry about.
Posted on 1/22/19 at 10:50 pm to wickowick
(no message)
This post was edited on 6/6/19 at 9:02 am
Posted on 1/22/19 at 10:52 pm to topdollarbill
quote:
If it's bad for Exxon, Total, Formosa and BASF, then it's bad for Mom and Pop too by that logic.
Mom and pop can't give as much campaign contributions, though...
Posted on 1/22/19 at 11:01 pm to MarkFromBuffalo
quote:
ExxonMobil will continue to expand in the region.
What expansions? They just sold an asset a few years ago. They're actively retreating.
Posted on 1/22/19 at 11:07 pm to Icansee4miles
quote:
It’s already started. JBE turned up his nose at a $7 Billion Exxon grassroots plant that went to Corpus instead of Louisiana. The company is going all in on the Permian Basin, including infrastructure to get that feedstock to facilities on the Gulf Coast, just looks like there will be fewer pipeline runs across the Sabine to worry about.
That sounds like it has far more to do with the Permian and Eagle Ford location than JBE.
Posted on 1/22/19 at 11:10 pm to WildManGoose
quote:
What expansions? They just sold an asset a few years ago. They're actively retreating.
Look across all of LA and tell me where you're seeing O&G new money coming in outside of Lake Charles.
Hell, even these most recent ITEP applications for Exxon were simply maintenance ordeals. No new jobs IIRC.
Posted on 1/22/19 at 11:11 pm to MarkFromBuffalo
Did you read any of the posts above? Huge grassroots plant going in down in Corpus. Major expansion of the Beaumont refinery. Major modernization of the Baytown refinery. Baton Rouge is competing for projects and Texas has solidified their spot at the front of the line in the US.
Posted on 1/22/19 at 11:13 pm to slackster
Nope. Plant went to Texas long before the plunge into the Permian. JBE basically DGAF if any more petrochemical plants come here unless he sees a way to tax or sue them.
Posted on 1/22/19 at 11:19 pm to Icansee4miles
quote:
Nope. Plant went to Texas long before the plunge into the Permian. JBE basically DGAF if any more petrochemical plants come here unless he sees a way to tax or sue them.
Are you talking about the Exxon SABIC JV deal that went to Corpus?
Posted on 1/22/19 at 11:23 pm to MarkFromBuffalo
quote:
Until Baton Rouge loses the Mississippi River, ExxonMobil will continue to expand in the region. Their presence has always been about natural resources, not tax incentives. Our politicians have just been too stupid to recognize that.
This is laughable. Louisiana has been completely arrogant regarding what benefits the river provides and is losing out to other areas. New Orleans long thought the same thing when it was a city of world stature over a century ago, and even while it was a fading star over the 20th century. Texas is building ports and infrastructure that will provide a competitive alternative, as have other states. The Mississippi is unique, but it alone won't offset the idiocy our state demonstrates time and again.
Posted on 1/22/19 at 11:29 pm to GetBackToWork
On the bright side, I just saw the Latin chick congresswoman on TV. She says the world's ending in 12 years anyway from climate change so does it really matter? So all ITEPs will end in 12 years regardless.
If that's the case I guess I can move on past ITEP and work towards some recreational marijuana legislation. Smoke em if ya got em.
If that's the case I guess I can move on past ITEP and work towards some recreational marijuana legislation. Smoke em if ya got em.
This post was edited on 1/22/19 at 11:31 pm
Posted on 1/22/19 at 11:33 pm to slackster
Formosa and Methanex are recent. But that pales compared to the development in TX.
Posted on 1/22/19 at 11:38 pm to LSUFanHouston
quote:
See, this is where I think XOM is just being whiny.
I get if they don't want to deal with EBR anymore. But there are PLENTY of communities in LA that would welcome them with open arms.
The ITEP is no longer automatic, which it never should have been automatic. But, the fact that one or two communities doesn't want to be reasonable, doesn't mean that there aren't plenty of others that can see benefits from this.
I'm also guessing XOM got word that the Metro Council was gonna shoot down the ITEP application for their portion of the taxes. At least I hope they did, otherwise, this is grandstanding.
You don’t get it— most states like Texas and Arkansas don’t do their tax exemptions like LA. They do it on a state level and it’s very streamlined process and not a pain in the arse like LA’s system is thanks to JBE. It affects our competitiveness overall as a state with the fact that it forces Exxon management to attend meetings with each individual parish’s multiple taxing structures. Trust me Its a big deal
To Exxon. This is bad news.
Posted on 1/22/19 at 11:40 pm to bigbowe80
Texas does exemptions locally
Posted on 1/22/19 at 11:42 pm to WildManGoose
TX has 6x more population than LA. 6x more demand for fuel and other downstream products, roughly.
I know all of us would love to have all the industrial expansion we can get, but we get ours.
Lots of upcoming activity in AP, St James and St John Parish areas.
I know all of us would love to have all the industrial expansion we can get, but we get ours.
Lots of upcoming activity in AP, St James and St John Parish areas.
Posted on 1/22/19 at 11:43 pm to bigbowe80
quote:
You don’t get it— most states like Texas and Arkansas don’t do their tax exemptions like LA. They do it on a state level and it’s very streamlined process and not a pain in the arse like LA’s system is thanks to JBE.
False.
Exxon got a $531MM property tax break on their Corpus $9B project. Guess who approved that break?
The local school board.
Posted on 1/22/19 at 11:44 pm to wickowick
Gravy finna eat either way!
Posted on 1/22/19 at 11:45 pm to WildManGoose
(no message)
This post was edited on 1/23/19 at 12:11 am
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