For Immediate Release: Tuesday, February 12, 2013
Contact: Nicolette Nye, (202) 347-6900, email@example.com
NOIA President Randall Luthi Responds to State of the Union Address
Washington, D.C. – National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement in response to President Obama’s State of the Union address:
“NOIA strongly supports the President’s call for cutting red tape for energy development, and is encouraged by his pledge to speed up oil and gas permitting. The offshore energy industry has been one of the few bright spots in growth and job development over the last two years. Our industry supports hundreds of thousands of jobs nationwide, and could provide even more, if government policies allow. If the President wants to create more jobs for middle class Americans, the offshore energy industry can help get than done.
“Meaningful tax reform does not mean singling the industry out for more punitive taxes, which could send companies and jobs overseas. The President has the power to generate far more revenue to the treasury for taxpayers simply by opening up additional access to offshore oil and natural gas.”
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.