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
Federal lands, indian lands, good morning, everyone. The committee will come to order. First, we will examine federal revenues generated from Energy Development on federal lands, indian lands, and federal offshore areas. Secondly, we will explore how that is distributed and shared with state, local, and tribal governments. Then we will hear from onshore renewable and onshore developments. Both bills under consideration are sponsored by members of this committee. Senator cassidy, introducing in 2018 the coastal act, and senator mcsally, introducing the energy reproducing act. Thank you for introducing legislation that would bring revenuesharing for coastal producing states into parity with onshore development. Congress lay the foundation for offshore revenuesharing through the passage of the gulf of Mexico Energy securing act in 2006. At that time the bill did not include alaska. The coastal act that we are considering now would establish a revenuesharing program that would include alas
Organizations and faith institutions and more. And explore ways to pass the cost savings on to the residents themselves, and not just the managers of these sites. And as i mentioned, highlight affordable and Senior Housing sites. We have already started seeing the consequences for neighboring communities in the last round of Public Safety power shutoffs that there were multiple Senior Housing complexes in communities where the power went out. And with some cases with clients living there and tripping over each other and going without their oxygen equipment that required electricity for days. San francisco, we dodged the bullet in this case, but we might not be so lucky in the future. There are a number of other recommendations. Just to touch on one real briefly, a prohibition on natural gas and new construction has been discussed. I think that is worthwhile considering, given our cas disar prone areas of the city with earthquakes. We saw that in the Richmond District how disruptive and
Federal lands, indian lands, good morning, everyone. The committee will come to order. First, we will examine federal revenues generated from Energy Development on federal lands, indian lands, and federal offshore areas. Secondly, we will explore how that is distributed and shared with state, local, and tribal governments. Then we will hear from onshore renewable and onshore developments. Both bills under consideration are sponsored by members of this committee. Senator cassidy, introducing in 2018 the coastal act, and senator mcsally, introducing the energy reproducing act. Thank you for introducing legislation that would bring revenuesharing for coastal producing states into parity with onshore development. Congress lay the foundation for offshore revenuesharing through the passage of the gulf of Mexico Energy securing act in 2006. At that time the bill did not include alaska. The coastal act that we are considering now would establish a revenuesharing program that would include alas
Good morning, everyone. The committee will come to order. First, we will examine federal revenues generated from Energy Development on federal lands, indian lands, and federal offshore areas. Secondly, we will explore how that is distributed and shared local, and tribal governments. Then we will hear from onshore renewable and onshore developments. Both bills under consideration are sponsored by members of this committee. Senator cassidy, introducing in 2018 the coastal act, and senator mcsally, introducing the reproducing act. Thank you for introducing legislation that would bring revenuesharing for coastal producing states into parity with onshore development. Congress lay the foundation for offshore revenuesharing through the passage of the gulf of Mexico Energy securing act in 2006. At that time the bill did not include alaska. The coastal act that we are considering now would establish a revenuesharing program that thed include alaska and, at current time, our offshore production