RISEE Act Strengthens Equity for Coastal States & Conservation Programs
Washington, D.C. - National Ocean Industries Association President Erik Milito issued the following statement after Senators Bill Cassidy (R-LA) and Sheldon Whitehouse (D-RI) introduced the bipartisan Reinvesting in Shoreline Economies & Ecosystems (RISEE) Act:
“The RISEE Act further connects the dots between responsible offshore energy development and environmental stewardship and coastal restoration and resiliency. By strengthening existing revenue sharing under GOMESA and creating new revenue sharing for states adjacent to future offshore wind projects, more coastal residents and conservation programs can benefit from dedicated sources of funding for critical projects.
“Whether it is through coastal restoration, hurricane protection, infrastructure improvement, or through countless other benefits, offshore energy development enables equity for our coastal communities. NOIA applauds Senator Cassidy and Senator Whitehouse for their bipartisan initiative on such an important issue.”
The National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.