Offshore Energy, Conservation and Outdoor Recreation
July 10, 2018
Offshore energy development works for the states - all of them.
The U.S. Interior Department recently announced that $61.6 million in revenues from offshore oil and natural gas will be distributed to all 50 states, U.S. territories and the District of Columbia - via grants that support state conservation and outdoor recreation projects.
Ponder that: You don't have to be a coastal state; you don't have to be a producing state. Under the Gulf of Mexico Energy Security Act (GOMESA), everyone benefits from offshore natural gas and oil revenues that are earmarked for Land and Water Conservation Fund (LWCF) grants. Below, the top five state apportionments for Fiscal Year 2018 (Interior data):
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