Tag Archives: federal government’s “idle-iron initiative.”

Maintaining ‘Rigs to ‘Reefs’ program vital to Louisiana

In 2009 and 2011, a combined $44.6 million was swept from “Rigs to Reefs.” In 2013, the Legislature intervened to stop another sweep. These funds are still currently vulnerable to another diversion going forward if Amendment No. 8 fails. The reason it is important to protect these funds is economical and environmental. This program is funded by private companies whose rigs have been decommissioned. Read the rest here  07:55