Sen. Kennedy Introduces Bill to Lift Arbitrary Cap on Oil Revenue for Gulf States
June 09, 2020
June 09, 2020
WASHINGTON, June 9 -- Sen. John Kennedy, R-Louisiana, issued the following news release:
Sen. John Kennedy (R-La.), has introduced the Offshore Cap Parity Act to eliminate the arbitrary, misguided cap on the amount of revenue Gulf states can receive from oil and gas drilling off their coasts.
The states direct much of this revenue to coastal conservation and restoration efforts. Currently, the Gulf of Mexico Energy Security Act (GOMESA) limits the dollar amount of reven . . .
Sen. John Kennedy (R-La.), has introduced the Offshore Cap Parity Act to eliminate the arbitrary, misguided cap on the amount of revenue Gulf states can receive from oil and gas drilling off their coasts.
The states direct much of this revenue to coastal conservation and restoration efforts. Currently, the Gulf of Mexico Energy Security Act (GOMESA) limits the dollar amount of reven . . .