House committee approves OCS leasing reform bill

07/03/2006
Two days after it combined the two main offshore oil and gas leasing bills it had received, the US House Resources Committee passed HR 4761 by a 29-9 vote on June 21.The bill, formally designated the Deep Ocean Energy Resources Act, now heads to the House floor. Opponents are likely to criticize its provisions that give coastal states a share of federal oil and gas revenues from the Outer Continental Shelf and provide those states the option of withdrawing from or modifying moratoria.The revenue-sharing provisions were in an earlier measure developed by Reps. Bobby Jindal (R-La.) and Charlie Melancon (D-La.). The provisions to let coastal states opt out of offshore leasing moratoria were ...
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