By February 13, 2018 0 Comments Read More →

Fiscal year 2019 budget said to bolster U.S. offshore strategy

The U.S. agency tasked with offshore energy said the 2019 budget plan helps ensure energy dominance, but its funding is only a small fraction of the outline.

A multi-trillion dollar budget plan outlined Monday by President Donald Trump seeks to repair and replace U.S. highways, bridges and airports by committing $200 billion in federal funding during the next decade. For federal agencies, the U.S. Department of Interior gets $11.7 billion that it will use in its oversight of land territories and the entire Outer Continental Shelf.

Of that, the bulk of the funding, $233 million, will go to strengthen fossil fuel programs, while $73 million targets renewable energy. The $348 million for offshore development is a $9 million increase that the department said was necessary to update the five-year offshore lease plan…

 

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