What the hell?! But now, as miles of Louisiana coast disappear each year, Vermilion Parish residents fear they’re starting to lose that way of life, and the money required to live it. A set of laws unique to Louisiana allows the state to claim the minerals found under any navigable body of water. That has troubling implications for landowners in Vermilion Parish and every other coastal region of the state. The laws mean that as more land becomes submerged under the waters of the Gulf of Mexico each year, more and more money that once flowed from oil and gas drilling companies to the bank accounts of landowners now flows directly into the coffers of the state.
Posted on: Thu, 03 Apr 2014 17:19:11 +0000
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