Rep. Young Welcomes Natural Resource Committee Approval of Energy Bills Beneficial to Alaskans, Including Offshore Revenue Sharing Legislation
WASHINGTON, D.C. – The House Natural Resources Committee today approved 14 bills, including two pieces of energy legislation sponsored by Alaskan Congressman Don Young. The bills now head to the House floor for consideration by the full House.
H.R. 1964, the National Petroleum Reserve Alaska Access Act, would remove governmental roadblocks to ensure that Alaska’s oil and gas resources in the National Petroleum Reserve-Alaska (NPR-A) are responsibly developed by requiring annual lease sales, firm timelines for infrastructure permits, and requiring a brand new integrated activity plan from the Bureau of Land Management.
“The National Petroleum Reserve Alaska was created for responsible resource development, and H.R. 1964 would help remove the red tape that has hindered economically feasible drilling in promising areas of the NPR-A,” said Rep. Young. “As I have said before, if producers can’t drill in the NPR-A, then where can they drill? I hope that today’s critical piece of legislation heads to the floor and passes the House as soon as possible, so that we can replace the Obama Administration’s recent NPR-A management plan with a plan that truly supports resource development and puts the United States on the path to real energy independence.”
H.R. 1548, the Native American Energy Act, promotes energy development by Indian tribes and Alaska Native Corporations by expediting and streamlining the permitting process, deters frivolous lawsuits, lowers the cost of federal permitting on tribal trust lands, and increases the opportunity for tribes to govern more aspects of energy development on their lands.
“I am pleased to see this legislation pass out of committee today. This bill comes in direct response from tribes across the United States who want to responsibly develop their natural resources on tribal lands, but time and time again run into burdensome rules and regulations put in place by the federal government,” Rep. Young said. “The Native American Energy Act will encourage much needed energy development in Indian Country, and be yet another step toward self determination and business development benefitting Indian tribes and Alaska Native Corporations.”
During the Natural Resources Committee markup, Congressman Young also voted in support of H.R. 2231, the Offshore Energy and Jobs Act, which would open new offshore areas to production by requiring the Obama Administration to create a new five year leasing plan for the United States’ offshore energy resources in areas containing the most oil and gas potential, in addition to a more fair and equitable revenue sharing program for coastal states like Alaska.
“Day, after day, after day, this nation imports millions of barrels of oil from foreign countries like Venezuela, when we should be looking at the vast offshore potential off our coastlines; this bill does that, requiring lease sales in areas containing large oil and gas potential,,” said Rep. Young. “Another important component of this bill is the revenue sharing provision for new offshore development. If enacted, coastal states like Alaska would see a 37.5 percent royalty rate on all development off their Outer Continental Shelf (OCS).