The Interior Department on Tuesday attacked Senate legislation that would steer billions of dollars in federal royalty revenue from offshore oil production to coastal states.
Pamela Haze, a senior Interior official, doesn’t mince words in her testimony prepared for a Senate hearing on the bill that’s sponsored by Sens. Lisa Murkowski (R-Alaska) and Mary Landrieu (D-La.).
“The revenue sharing provisions of S. 1273 would ultimately reduce the net return to taxpayers in every state from the development of offshore energy resources owned by all Americans, have significant and long term costs to the Federal Treasury, and increase the federal deficit,” said Haze, Interior’s deputy assistant secretary for budget, finance performance, and acquisition.
“In addition, the bill does not appear to be targeted to achieve clear conservation or energy policy outcomes. For these reasons, the Administration cannot support the bill,” she continued during the Senate Energy and Natural Resources Committee hearing.