House Democrats offered a broader drilling proposal Wednesday that would allow offshore energy development beyond 50 miles from the coast if a state gives the go-ahead and opens all federal waters 100 miles from land.

The drilling measure is part of a broader energy package expected to come up for a vote next week that also would roll back tax breaks for the largest oil companies and require them to pay additional royalties with the money to be used to spur renewable energy programs and conservation.

Source: Associated Press

View Full Article