Category: Markets
Published: 2026-07-02T09:08:05.000Z
Air Products has canceled its $4.5 billion Clean Energy Complex in Louisiana, including a carbon capture project, incurring a $2.2 billion loss. The decision is attributed to political opposition, public distrust of carbon sequestration, and the loss of clean energy tax incentives, signaling potential challenges for similar projects in the petrochemical industry. The cancellation also means Southeastern Louisiana University will lose $17 million in research grants intended for monitoring Lake Maurepas for pollution.
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