For Immediate Release: Wednesday, June 19, 2019
Contact: Justin Williams, (202) 465-8464, email@example.com
Offshore Energy Moratoria Hurt American Consumers and Workers
Washington, D.C. – NOIA President Randall Luthi issued the following statement ahead of today’s House Natural Resources Full Committee Markup of bills:
“Today’s markup features bills that either establish offshore energy moratoria in the Atlantic and Pacific Oceans or extend the moratorium in the Eastern Gulf of Mexico. These valuable resources belong to all Americans and should be managed for the benefit of all Americans. Reckless, open-ended moratoria curtail safe and reasonable offshore access, diminish energy security and cost jobs, hurting American workers and consumers. Bills that continue to bar America’s offshore resources are simply bad energy and environmental policy.
“What’s more concerning, is that the Committee will simultaneously consider other bills that make the federal government even more dependent on the revenues generated by the offshore oil and gas industry for the Land and Water Conservation Fund (LWCF) and parks maintenance. This killing-the-golden goose philosophy of setting mandatory spending for offshore revenues while simultaneously limiting offshore production is an endeavor doomed to fail. The offshore energy industry can be an economic boon for the U.S. Treasury, providing funding for programs without increasing taxes on Americans, only if the federal government promotes policies that allow for the responsible development of American resources.”
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 about 250 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.