KEY TAKEAWAYS:
Louisiana reviewing 30+ carbon storage well applications
Exxon seeks Class V permit for Iberville Parish farmland
Debate grows between economic potential and environmental risks
Local opposition groups push back against carbon capture projects
The Louisiana Department of Energy and Natural Resources is reviewing a growing number of applications for Class V carbon storage test wells, a necessary precondition for constructing a Class VI carbon capture well.
Eight Class V permits are currently pending before the agency, with 22 already issued, according to state data.
Currently, the state is reviewing 33 applications for Class VI wells , which are wells constructed for the injection and long-term storage of carbon dioxide underground.
Class V wells , which are t