On March 22, The Advocate urged readers “to pity poor St. James Parish in the crosshairs of a powerful member of Congress,” referring to U.S. House Committee on Natural Resources Chair Rep. Raul Grijalva.
The editors fail to recognize that it’s the Formosa Plastics Corp. that fails to have the interests of St. James Parish residents in mind.
The Formosa petrochemical project is not only bad for public health, it’s bad for business, too. A recent report by the Institute for Energy Economics and Financial Analysis showed how this costly, ill-timed project is destined for failure in an over-supplied, under-performing global plastics market.
This polluting project is not even likely to be financially viable over time.