Seven governors from coastal states recently agreed to seek consolidated federal legislation establishing a multi-state plan for sharing revenue from federal offshore energy development.
“Right now, we've got all these different bills on revenue sharing,” Gov. Pat McCrory (R-NC) a member of the coalition, said, referring to separate bills currently in Congress for Virginia, North Carolina and South Carolina. “We would like to consolidate those into one bill.”
The coalition of governors, known as the Outer Continental Shelf Governors Coalition (OCS), also includes Terry McAuliffe (D-VA), Robert Bentley (R-AL), Bobby Jindal (R-LA), Paul LePage (R-ME), Phil Bryant (R-MS) and Nikki Haley (R-SC), was created to tackle the states' issues with the federal government as they relate to OCS energy resource planning and development. The group has not yet proposed a model for sharing federal revenues, but McCrory said they would prefer to see either one system of sharing revenues or at least regional approaches, rather than state-by-state systems.
McCrory said coastal communities in these states could enjoy numerous benefits from the proposed program, citing dredging and beach re-nourishment as examples. “The federal government's dredging funds are quite limited for smaller ports, and beach re-nourishment is important to tourism,” McCrory said.
McCrory said it could take as long as 10 years to complete the necessary planning and preparations before any oil and gas production could be realized off the Atlantic coast.
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