Louisiana to get $110 million in oil revenue this year to help restore coast
Louisiana and its coastal parishes will receive about $110 million in federal offshore oil revenue this year to restore wetlands and protect communities against hurricanes, officials said.
The annual allocation comes through the Gulf of Mexico Energy Security Act, a 2006 law that increased the amount of federal oil money Louisiana and other states receive from drilling off their coasts.
GOMESA, as it’s called, is a significant source of money for Louisiana’s $50 billion, 50-year coastal master plan, which includes several projects in Terrebonne and Lafourche parishes. The collection of river diversions, wetlands rebuilding, levee work and other projects aim to deal with coastal erosion, rising seas, sinking land and hurricanes.
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