Scalise-sponsored bill advances, would boost offshore drilling, raise oil revenue caps for Gulf Coast states

 A bill that would reverse course on much of former President Barack Obama’s administration’s policy on oil and gas drilling and potentially lift Louisiana’s share of federal oil revenue in the coming decades cleared a House committee Wednesday.

The bill, dubbed the SECURE American Energy Act and sponsored by House Majority Whip Steve Scalise, R-Jefferson, has gained limited bipartisan support but faced Democratic opposition Wednesday over environmental concerns.

Louisiana — along with all other Gulf Coast states besides Florida — already receives a share of royalties from oil and gas drilling in federal waters in the Gulf of Mexico under the Gulf of Mexico Energy and Security Act, which was signed into law in 2006…


Click Here For Remainder of Article 

Posted in: LOGA News

About the Author:

Post a Comment