Committee votes to let states receive more money from offshore drilling | TheHill

A House committee voted Thursday to increase the money coastal states receive from offshore oil and natural gas drilling off their coasts.

The bill, from Rep. Garrett Graves (R-La.), would give Texas, Louisiana, Mississippi and Alabama half of the fee and royalty payments that companies give the federal government to drill for oil and gas in a set of new wells in the Gulf of Mexico.

That would be an increase from the current 37.5 percent, which last year amounted to 0.4 percent of the government’s total income from offshore drilling going to Louisiana last year, or $11 million, Graves said.

— Read on thehill.com/policy/energy-environment/406530-committee-votes-to-increase-states-money-from-offshore-drilling