Tuesday, September 16, 2008

Foxx Slams Energy Bill For Stealing From North Carolina

The following is from a press release from NC Congresswoman Virginia Foxx.

September 16, 2008 202-225-2071

Foxx slams no energy bill for stealing from North Carolina
Bill introduced last night would bar NC from oil revenue off its own shores

Washington, DC—Congresswoman Virginia Foxx today voiced strong opposition to legislation drafted behind closed doors that will prohibit North Carolina from receiving revenue from new offshore oil drilling. Instead all revenue from new offshore drilling leases will go straight into federal government coffers. The bill, HR 6889, does not allow for any amendments and was written and introduced without Republican input.

“This bill is a slap in the face to the state of North Carolina,” Rep. Foxx said. “It would lock North Carolina out of a share of the $2.6 trillion in tax revenue from new drilling right off our shores. What a sham.”

The new 290-page legislation was introduced just before midnight last night, only hours before it is scheduled for a vote. It does not allow amendments or Republican alternatives. In addition, bill was written behind closed doors and did not go through the normal committee process.

“This bill is wrong for North Carolina and it is wrong for America,” Rep. Foxx said. “Is Speaker Pelosi so concerned with placating her extremist environmental backers that she has to push through this legislation to lock coastal states out of oil revenue?”

“Today’s farce of a bill not only steals North Carolina’s new coastal energy revenue, but it also locks us out of the energy debate. Thanks a lot, Speaker Pelosi. This bill is a perfect example of the House Democrats’ broken promises.”

Foxx today also voiced opposition to provisions in the legislation that would permanently lock up more than 95 percent of offshore oil on the west coast and 88 percent of offshore oil overall.

Congresswoman Virginia Foxx is available for comment on this legislation and how it will hurt North Carolina. Please call (202) 225-2071 to schedule an interview with Rep. Foxx.

Note: Gulf coast states like Texas and Louisiana currently receive a share of revenues from offshore drilling, which last year were about $9 billion. The Norfolk, Va. Virginian-Pilot reports that this bill blocks “coastal states from sharing in a $2.6 trillion bonanza of tax revenue expected to flow from offshore fields.”

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