The 2020-2021 Judicial Hellholes® report shines its brightest spotlight on nine jurisdictions that have earned reputations as Judicial Hellholes. Some are known for allowing innovative lawsuits to proceed or for welcoming litigation tourism, and in all of them state leadership seems eager to expand civil liability at every given opportunity.
FACT SHEET: The Economic Impact of the Oil and Gas Industry in Louisiana
Louisiana’s oil and natural gas industry is one of the biggest in the state in terms of economic impact,
taxes paid and people employed. The industry provided $73 billion to the state GDP, and oil and gas
operations support approximately one out of every nine of Louisiana jobs — many with annual wages
significantly above the state average.
The Economic Impact of the Oil and Natural Gas Industry in Louisiana
ICF prepared this report at the request of the American Petroleum Institute (API) and the Louisiana Mid-Continent Oil and Gas Association (LMOGA). The report presents historical oil
and gas industry data for Louisiana in order to demonstrate the economic significance of the
industry to the state.
The oil and gas industry employs nearly two million Louisianans, and pays hundreds of millions of dollars into the state treasury each year. It is at the core of Louisiana’s economy, and has been for many years. But over the last few decades, plaintiffs’ lawyers have recruited increasing numbers of private landowners and state and local officials to file lawsuits against oil and gas companies over allegedly contributing to coastal erosion. This litigation has reached a point that it threatens the future of the energy industry in Louisiana.
Louisiana Earns Top "Judicial Hellhole" Ranking Again
WASHINGTON – Louisiana ranks near the top of the nation’s Judicial Hellholes at No. 4 in 2019 because of the involvement of contingency-fee lawyers in parish coastal lawsuits, the legislature’s failure to address the high cost of auto insurance caused by lawsuit abuse, and judicial misconduct plaguing the state.
Louisiana Trial Lawyers Lead State to No. 4 Judicial Hellhole Ranking
The Bayou State continues to climb up the Judicial Hellholes list, due to the costly combination of former plaintiffs’ attorney and current Governor John Bel Edwards’ (D) aggressive litigation agenda, the plaintiff-friendly legislature, and inescapable advertising practices by the plaintiffs’ bar.
The U.S. Chamber of Commerce Institute for Legal Reform recently released its Faces of Lawsuit Abuse multi-part video series called “Louisiana: The Lawsuit Paradise.” The series provides an in-depth look at how lawsuits threaten to ruin the state of Louisiana’s economy. The series features interviews with small business owners and others who know firsthand the impact lawsuits have on jobs, insurance costs, among other things.