U.S. Senators Cassidy, Whitehouse Introduce Bill to Improve Gulf of Mexico Revenue Sharing Program
June 22, 2021
U.S. Senators Bill Cassidy (R-LA) and Sheldon Whitehouse (D-RI) recently introduced legislation aimed at increasing funding for coastal restoration and hurricane protection. The Reinvesting in Shoreline Economies & Ecosystems (RISEE) Act would make needed improvements to the Gulf of Mexico Energy Security Act (GOMESA) and create a dedicated funding stream for future offshore wind development revenues.
“Dedicated, reliable funding streams not only allow for good projects today, but provide the foundation for a program of well-planned, pre-disaster investments in coastal resilience,” said CPRA Chairman Chip Kline. “With coastal adaptation needs growing across Louisiana, it is not a moment too soon to revisit federal impact assistance from energy production in the Gulf. Other states with energy and mineral development on federal land face no cap and share 50% of the
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