NOIA President Randall Luthi Comments on Senators Murkowski and Landrieu’s Proposed Offshore Revenue Sharing Bill

For Immediate Release:  Wednesday, March 20, 2013

Contact:  Robert Myers, (202) 465-8464, rmyers@nullnoia.org

NOIA President Randall Luthi Comments on Senators Murkowski and Landrieu’s Proposed Offshore Revenue Sharing Bill

Washington, D.C. – National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement commenting on the proposed offshore revenue sharing Senate Energy bill:

“NOIA thanks Senators Murkowski and Landrieu for continuing their visionary leadership on the revenue sharing issue by offering this bill. NOIA has long advocated revenue sharing as fair and equitable treatment for coastal states supporting responsible offshore oil and gas exploration and development.

Allowing all coastal states to share in prospective future revenue from both traditional and renewable offshore energy activities is sound public policy.  However, steps must be taken to ensure that lease sales are actually conducted in new areas where they’re currently prohibited or else the revenue is merely theoretical.

NOIA is grateful for Senators Murkowski’s and Landrieu’s long-standing support for such new access, and looks forward to working with them and other committee members in hopes of marrying this bill with concrete access provisions to make coastal state revenue sharing a reality.”

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ABOUT NOIA
NOIA is the only national trade association representing all segments of the offshore industry with an interest in the exploration and production of both traditional and renewable energy resources on the nation’s outer continental shelf.  NOIA’s mission is to secure reliable access and a fair regulatory and economic environment for the companies that develop the nation’s valuable offshore energy resources in an environmentally responsible manner. The NOIA membership comprises more than 275 companies engaged in business activities ranging from producing to drilling, engineering to marine and air transport, offshore construction to equipment manufacture and supply, telecommunications to finance and insurance, and renewable energy.