"Offshore Drilling Revenue Sharing Takes Hold in Senate Climate Bill"

"Coastal states that agree to oil and gas drilling off their shores would be offered one-quarter of the revenue, under the latest draft of the new climate and energy bill, sources on and off the Hill say.

Another 10 percent would go to the Land and Water Conservation Fund, with the remaining 65 percent going to the Treasury for deficit reduction, under the draft authored by Sens. John Kerry (D-Mass.), Lindsey Graham (R-S.C.) and Joe Lieberman (I-Conn.), according to a Senate aide close to the process and people who have seen the draft."

Mike Soraghan, Darren Samuelsohn, and Katherine Ling report for ClimateWire March 19, 2010.

See Also:

"What Do We Know About the Climate Bill?" (Mother Jones)

"Senate Democrats, States Wary of Draft Climate Bill's Pre-emption Language" (ClimateWire)

"Senate Climate Bill To Give Free Permits: Sources" (Reuters)

"Enviros Square off Over Corporate Ties, Climate Tactics" (E2Wire/The Hill)

"Environmental Groups Praise Progress On Bill" (National Journal)

"Chamber Finally Finds a Climate Bill It Can Back" (Mother Jones)

"Was Waxman-Markey A Waste of Energy?" (Mother Jones)

"States Take Sides in Greenhouse Gas 'Endangerment' Brawl" (Greenwire)

"Weekly Mulch: Bad News Climate Bill" (rabble.ca)

Source: ClimateWire, 03/22/2010