State and Local

NC Senate approves bill to jumpstart energy exploration

The Senate passed the “Energy Jobs Act” (SB709) would direct the Governor to enter into a energy compact with Virgina and South Carolina. The compact would develop strategies for exploring offshore and inland. The bill also outlines how the revenue and royalties from exploration would be divided. A portion would go the General Fund, some to the Highway Trust Fund, smaller portions to the State Ports Authority and Department of Commerce.



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