National Ocean Industries Association President Erik Milito issued the following statement in support of the House Natural Resources Committee reconciliation package:
'Chairman Westerman’s bill is a game-changer for offshore energy, delivering regulatory certainty, responsive royalty rates, and a robust schedule of 30 Gulf of America lease sales over 15 years. By streamlining permitting, protecting key lease sales, and fostering operational efficiency, this legislation strengthens America’s energy security, supports high-paying jobs, and ensures our nation remains a global energy leader. NOIA proudly supports this forward-thinking approach.
'Regular, mandated lease sales in the Gulf of America are essential to maintaining energy security, driving investment, and sustaining the hundreds of thousands of jobs supported by the offshore energy sector. By restoring consistency to the leasing process, this bill would provide much-needed certainty for businesses making long-term investment decisions. Moreover, the inclusion of six lease sales in the Cook Inlet Planning Area further demonstrates a commitment to expanding access to energy-rich regions.
'Critically, the bill also establishes more responsive royalty rates. This flexibility helps the U.S. remain competitive globally during changing market conditions while ensuring a fair return for American taxpayers.
'Equally important are the permitting and regulatory clarity provisions, which protect the integrity of project timelines and reduce delays that have too often hindered responsible offshore development.
'Chairman Westerman’s bill supports a robust offshore energy future, and NOIA stands ready to work with Congress to advance policies that reinforce America’s leadership in safe and reliable energy production.'
About NOIA
The National Ocean Industries Association (NOIA) represents and advances a dynamic and growing offshore energy industry, providing solutions that support communities and protect our workers, the public and our environment.
Source: NOIA
