Bush administration does not back LA coastline project

by CVDem, Tue Aug 30, 2005 at 08:04:41 PM EDT

While listening to the news and the hints that the federal government opposed efforts to help the Gulf Coastline, I did some research.  I found this article listed in the Rocky Mountain News in July discussing the nightmare scenario that is occuring in New Orleans.

http://www.rockymountainnews.com/drmn/news_columnists/article/0,1299,DRMN_86_3931117,00.html

I highly recommend that you read this

The Bush Administration has resisted the bill passed by Congress, saying Louisiana should pay more.

http://www.americaswetland.com/article.cfm?id=265&cateid=3&pageid=3&cid=18

Now when the nightmare scenario has become reality, it seems to me that the Bush Administration has some explaining to do.

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What happened?
Any idea which version was included in the Energy Bill?

The Senate portion of the bill would force the government to annually distribute $250 million from 2007 to 2010 among Louisiana and five other coastal energy-producing states. The money would come from federal taxes on oil produced in federal waters in the Gulf of Mexico off Louisiana's coast. Louisiana would receive the biggest portion.

The House version calls for Louisiana to receive $300 million over the next five years, rising to $1 billion a year in revenues starting in 2016.

The conference committee will decide which version gets used in the Energy Bill, though Jindal said members have the latitude to decide on any amount they see fit. The committee hopes to give Bush a bill by the end of next week.

by Gary Boatwright 2005-08-30 09:00PM | 0 recs

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