|FOR IMMEDIATE RELEASE |
CONTACT: Laura Hipp (601) 576-2020;
DATE: March 23, 2011
GOV. BARBOUR SIGNS LEGISLATION EXPANDING MISSISSIPPI’S ENERGY PORTFOLIO
JACKSON – Gov. Haley Barbour today signed legislation allowing the state to expand energy production and attract related investment and jobs in oil and natural gas production.
Senate Bill 2723 establishes standards by which the Mississippi Department of Environmental Quality and the Mississippi Oil and Gas Board will oversee and monitor geologic carbon dioxide sequestration, which is used in enhanced recovery of oil and natural gas.
“This is an important milestone for Mississippi’s energy sector,” Gov. Barbour said. “The Mississippi Power coal-fired generating plant in Kemper County will be the first commercial-scale carbon capture and sequestration project in the United States so it’s the right time to get this law on the books.”
The legislation was supported by the Mississippi Energy Policy Institute, a nonprofit organization created by Gov. Barbour to explore ways to enhance the state’s energy offerings.
“The use of carbon dioxide in enhanced oil recovery is a growing industry in Mississippi, and this bill is a positive step to encourage more production and more good-paying jobs,” Gov. Barbour said. “My energy policy for Mississippi is simple – more American energy. This legislation acknowledges that Mississippi is open for business and understands the importance of more American energy production.”