Senator Calls For Oil, Gas Drilling Off SC Coast

Law360, New York (June 12, 2012, 8:49 PM EDT) -- Sen. Lindsey Graham, R-S.C., launched a bill in the U.S. Senate on Monday that would open the South Carolina coast to oil and gas drilling, a move the Senator touted as a step toward energy independence, but that critics claimed made little environmental or economic sense.

The South Carolina Offshore Drilling Act, or S. 3284, outlines a revenue sharing system that would send half of all leasing proceeds to Washington for federal deficit reduction, while 37.5 percent of proceeds would stay in South Carolina, according to...
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