Senators float bill giving offshore energy revenues to coastal states

By Zack Colman - 07/11/13 11:19 AM ET

Senate legislation introduced Wednesday would for the first time award money to all coastal states for energy produced off their shores.

Bill sponsors Sens. Lisa Murkowski (Alaska), the Senate Energy and Natural Resources Committee’s top Republican, and Mary Landrieu (D-La.) would return up to 37.5 percent of the federal revenues generated from coastal energy development to those states.

The sponsors say it would put coastal states on more equal footing with interior ones ...

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