That revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security act back in 2006. At that time the bill did not include alaska. The coastal act we are considering now what establish a Revenue Sharing Program that would include alaska. At the current time our offshore production is pretty minimal
We are here this morning for three closely related purposes and first we will examine federal revenues generated from Energy Development on our federal lands, indian lands and federal offshore areas. Secondly, we will explore how that revenue is just a bid among federal programs and shared with the state, local and tribal governments. Finally, we will hear testimony on two measures that would boost revenue sharing from onshore renewable as well as offshore development. Both bills under consideration or sponsored by members of this committee. Senator cassidy has introduced s2418 which is the coastal act and senator mick sally has introduced f2 666 which is a public lands are knowable Energy Development act. As a cosponsor of the coastal act i want to thank senator cassidy for introducing legislation that would bring revenue sharing for coastal producing states into parity with onshore developments. Progress laid the foundation through the passage of the gulf of Mexico Energy security ac
Well, it is a a pleasure for me to. Introduce you to a good friend of mine, peter koski. Peters mission life is leave a world were proud of to our children. He is a mighty educated physicist and engineer serial entrepreneur, pure philanthropist, social innovator and author. He has worked at nasa in the fairchild slum burger Artificial Intelligence lab in palo alto. Hes taught at mit. Hes developed his own Machine Vision company, automated visual inspection, an llc. He holds 27 patents and is an on the board of climate capex, a Financial Technology company designed to help complete the global transition to 100 clean energy by 2040, by the rate of investment in solar projects. Now a decade ago, peter decided that a warming climate was the greatest threat to our future and he decided to devote all his energy. 24 seven to solving this problem and tell you the truth, peter has the perfect background to this as a physicist. He can speak the language to scientists scientists as an engineer an
To. Introduce you to a good friend of mine, peter koski. Peters mission life is leave a world were proud of to our children. He is a mighty educated physicist and engineer serial entrepreneur, pure philanthropist, social innovator and author. He has worked at nasa in the fairchild slum burger Artificial Intelligence lab in palo alto. Hes taught at mit. Hes developed his own Machine Vision company, automated visual inspection, an llc. He holds 27 patents and is an on the board of climate capex, a Financial Technology company designed to help complete the global transition to 100 clean energy by 2040, by the rate of investment in solar projects. Now a decade ago, peter decided that a warming climate was the greatest threat to our future and he decided to devote all his energy. 24 seven to solving this problem and tell you the truth, peter has the perfect background to this as a physicist. He can speak the language to scientists scientists as an engineer and inventor. He can talk to peopl
It is indeed a pleasure for me to introduce you to a good friend of mine, peter spoke out ski. Peter this mission in life is to leave a world away are proud of to our children, he is a m. I. T. Educated physicist and engineer. Serial entrepreneur, planter paste, social innovator, and author. He has worked in nasa, at the fairchild slum Artificial Intelligence lab in palo alto, he has taught at m. I. T. , he has developed his own Machine Vision company, automated visual inspection llc. He holds 27 and is on the board of climate a Financial Technology company designed to help complete the global transition to 100 Percent Clean Energy by 2040, by tripling the rate of investment in solar projects. Now, a decade ago, peter decided that a warming climate was the greatest threat to our future. And he decided to devote all his energy, 24 7, to solving this problem. To tell you the truth, peter has the perfect background to do this. As a physicist, he can speak the language to scientists. As an