TO INCREASE ENERGY PRODUCTION IN NORTH CAROLINA TO DEVELOP A SECURE, STABLE, AND PREDICTABLE ENERGY SUPPLY TO FACILITATE ECONOMIC GROWTH, JOB CREATION, AND EXPANSION OF BUSINESS AND INDUSTRY OPPORTUNITIES AND TO ASSIGN FUTURE REVENUE FROM ENERGY EXPLORATION, DEVELOPMENT, AND PRODUCTION OF ENERGY RESOURCES IN ORDER TO PROTECT AND PRESERVE THE STATE'S NATURAL RESOURCES, CULTURAL HERITAGE, AND QUALITY OF LIFE.
House amendments make the following changes to 4th edition.
Amendment #2 deletes provision requiring the compact negotiations and recommendations to address proactive advocacy with each member state’s congressional delegation and appropriate federal agencies to ensure direct sharing of royalties and revenues related to the activities of the compact. Also makes Section 2 of the act, Development of Governor’s Regional Interstate Offshore Energy Policy Compact, effective when a direct sharing with the state of royalties and revenues related to energy leasing, exploration, development and production of all offshore energy resources in federal waters adjacent to the state becomes effective.
Amendment #3 provides that the Department of Environment and Natural Resources’ (DENR) regulatory framework proposal should include reporting requirements necessary to evaluate the technical and public health and public safety merits of shale gas exploration and energy production (was, technical and public safety merits).
Amendment #4 prohibits funds appropriated to DENR by Section 1.(b) of this act to be used for the construction or maintenance of terminal groins.
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