A school board says no to Big Oil, and alarms sound in business-friendly Louisiana
BATON ROUGE, La. It was a squabble over $2.9 million in property-tax breaks small change for Exxon Mobil, a company that measures its earnings by the billions.
But when the East Baton Rouge Parish school board rejected the energy giants rather routine request last month, the no vote went off like a bomb in a state where obeisance to the oil, gas and chemical industries is the norm.
The local chamber of commerce took out a full-page newspaper ad, warning of a rise of radicalism. The head of the Louisiana Association of Business and Industry wrote that the anti-business crowd has had their fun, but needed to cool their jets.
And now, somewhat surprisingly, business-friendly Louisiana finds that it is the latest flash point in a roiling, community-by-community debate that pits liberals and local activists against defenders of the lavish tax incentives offered to woo big business.
https://www.msn.com/en-us/money/markets/a-school-board-says-no-to-big-oil-and-alarms-sound-in-business-friendly-louisiana/ar-BBTbTm3?li=BBnb7Kz