Press Releases
Graves Announces Louisiana Will Receive Nearly $112 Million in Offshore Energy Revenues
BATON ROUGE, LA,
April 29, 2022
U.S. Congressman Garret Graves announced that Louisiana and parishes will receive a $111,822,094.65 share of over $252 million in the FY 2021 Gulf of Mexico Energy Security Act (GOMESA) energy revenues that the four Gulf oil and gas producing states will receive. Of the revenues, the State of Louisiana will receive $89,457,675.71 while the coastal parishes receive $22,364,418.94. "Every penny of these offshore energy revenues will be committed to hurricane protection, coastal restoration and flood control projects – making Louisiana stronger and safer. Today's funds are going to be invested before a storm rather than after the fact which will save the federal government money by keeping people in their homes instead of hotels and in our communities rather than evacuating forever. We believe keeping people from ever flooding is the solution – not charging folks more for higher flood insurance which is why we have to reduce the rates. All these efforts and more are and will pay off," Graves said. "We celebrate these dollars but make no mistake – the Biden Administration's flawed energy policies are making us less safe and the reason we have high energy and gas prices. And let's read between the lines that these revenues are conflated due to Biden's anti-energy policies – a direct result of canceled lease sales, obstructing pipelines, stonewalled LNG permits and the lack of an overall cohesive energy strategy. The revenues should be higher. Their policies are funding Russia's aggression while defunding our flood and hurricane protection. As Louisiana still recovers from Hurricanes Laura, Delta, Zeta and Ida, it's an insult their opposition to domestic energy production will put us at even greater risk for the next hurricane." Parish Disbursements in South Louisiana:
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