in News Departments > Policy Watch
print the content item

Sens. Lisa Murkowski, R-Alaska, and Mary Landrieu, D-La., have introduced legislation designed to ensure that all states receive a fair and equitable share of the revenues from energy production on federal lands and waters.

Although states that produce onshore energy keep 50% of royalties, rents and bonuses, states that produce offshore energy receive virtually nothing, Landrieu says. The Fixing America's Inequities with Revenues (FAIR) Act aims to change that by giving 27.5% of revenue from the development of offshore energy - including oil, gas, wind and other renewable energy sources - to coastal states, plus another 10% if the state creates a clean energy or conservation fund, for a total of 37.5%.

The FAIR Act also extends the existing onshore revenue-sharing program to provide states with an equal share of the revenue from renewable energy production on federal land. States that produce renewable energy on federal lands within their borders would keep 50% of the revenues, just as they currently do for traditional energy. The legislation would also gradually lift the current congressionally mandated $500 million annual cap on revenues kept by Gulf Coast energy-producing states.

“I could have introduced an Alaska-only bill, but we have purposefully expanded this legislation to gain the support of as many members as possible,” says Murkowski, ranking member of the Senate Committee on Energy and Natural Resources. “We know that in this day and age, it’s a 60-vote world in the Senate.”



Trachte Inc._id1770
Latest Top Stories

Bird Groups Target LEEDCo's Icebreaker Offshore Wind Pilot

Two bird conservation groups that helped halt a wind project earlier this year argue that Lake Erie Energy Development Corp.'s (LEEDCo) 18 MW offshore demo poses a major risk to regional wildlife.


Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.

Acciona_id1907
UEA_id1896
JLG_id1900
WomenofWind_id
AWEA_id1886
bonfiglioli_id1913