Senate Bill Would Share Offshore Energy Revenue With States

Law360, New York (March 20, 2013, 6:42 PM EDT) -- Two Republican senators introduced legislation Wednesday that would give coastal states a sizable cut of revenues generated by offshore energy production in federal waters, saying they're entitled to revenue-sharing enjoyed by noncoastal states with onshore energy production on federal lands.

Sens. Lisa Murkowski, R-Alaska, and Mary Landrieu, R-La., unveiled the bill, titled the Fixing America’s Inequities with Revenues Act, which would give coastal states that produce any form of energy — fossil or renewable — in the Outer Continental Shelf up to 37.5 percent of all...
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