By September 14, 2018 0 Comments Read More →

Graves Advances Bill to Increase Louisiana’s Energy Revenues, Funding for Coastal Restoration

Congressman Garret Graves (R – South Louisiana) advanced legislation out of the House Committee on Natural Resources today that would increase the share of offshore energy revenues for Gulf Coast states. Graves’ bill would provide a substantial increase in funding for Louisiana’s coastal restoration and flood protection projects.

“After working on this for 20 years I can tell you: what happened today is historic,” said Graves. “Moving this bill is a big deal and has enormous implications for South Louisiana.”

Graves’ H.R. 6771 amends the Gulf of Mexico Energy Security Act 2006 (GOMESA) to bring Gulf offshore energy revenue sharing in line with levels that onshore energy producing states enjoy – an effort long pursued by Louisiana’s congressional delegation. The bill was considered today in conjunction with the Restore Our Parks and Public Lands Act, which proposed using Gulf offshore energy revenues to address the maintenance backlog of the National Park Service and other agencies across the country…

 

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