The implementation of HB956 is poised to significantly impact state laws and federal regulations regarding offshore drilling. If passed, it would prevent the Secretary of the Interior from leasing any areas within the specified North Atlantic Planning Area for oil and gas activities, thus effectively limiting energy development options in an economically important region. While the bill does not affect existing leases issued prior to its enactment, it establishes a precedent for environmental conservation efforts at the federal level.
Summary
House Bill 956, known as the 'No Drilling in the North Atlantic Act of 2023,' aims to prohibit all oil and gas exploration, development, and production activities within the North Atlantic Planning Area of the Outer Continental Shelf. This bill reflects growing concerns regarding environmental protection and the potential impacts of offshore drilling on marine ecosystems. By halting new leases in this region, the bill seeks to safeguard the area's natural habitat from the adverse effects of oil extraction activities.
Contention
Notable points of contention surrounding HB956 include the balance between energy production and environmental conservation. Proponents of the bill argue that it is essential for protecting coastal and marine environments from the risks associated with offshore drilling, including oil spills and habitat destruction. Conversely, opponents may raise concerns about the potential economic implications, specifically regarding job losses in the energy sector and missed opportunities for domestic oil production as the nation seeks to transition towards sustainable energy sources.
Lower Energy Costs Act This bill provides for the exploration, development, importation, and exportation of energy resources (e.g., oil, gas, and minerals). For example, it sets forth provisions to (1) expedite energy projects, (2) eliminate or reduce certain fees related to the development of federal energy resources, and (3) eliminate certain funds that provide incentives to decrease emissions of greenhouse gases. The bill expedites the development, importation, and exportation of energy resources, including by waiving environmental review requirements and other specified requirements under certain environmental laws, eliminating certain restrictions on the import and export of oil and natural gas, prohibiting the President from declaring a moratorium on the use of hydraulic fracturing (a type of process used to extract underground energy resources), directing the Department of the Interior to conduct sales for the leasing of oil and gas resources on federal lands and waters as specified by the bill, and limiting the authority of the President and executive agencies to restrict or delay the development of energy on federal land. In addition, the bill reduces royalties for oil and gas development on federal land and eliminates charges on methane emissions. It also eliminates a variety of funds, such as funds for energy efficiency improvements in buildings as well as the greenhouse gas reduction fund.