Landrieu weighs options after drilling-revenue push stalls

She’s pushing the proposal with Sen. Lisa MurkowskiLisa MurkowskiFeds to sell 14 million barrels from oil reserve Immigration battlefield widens for Trump, GOP Trump barrage stuns McConnell and his allies MORE (Alaska), the top Republican on the Energy panel, who wants Alaska to see royalty revenues from planned oil-and-gas projects in federal waters off its shores.

Landrieu’s plan would also provide coastal states a share of revenues from ocean renewable-energy projects — which is now just a fledgling industry — in addition to oil-and-gas royalties.

It’s an effort to win support from lawmakers from coastal states where oil-and-gas drilling isn’t in the offing.

Landrieu told reporters that interest displayed by some coastal Democrats is a sign of progress for her plan.

Sen. Ron WydenRon WydenTrump's Democratic tax dilemma Senate Dems push Trump admin to protect nursing home residents' right to sue Overnight Finance: Trump-Russia probe reportedly expands to possible financial crimes | Cruel September looms for GOP | Senate clears financial nominees | Mulvaney reverses on debt ceiling MORE (D-Ore.) backed the concept of revenue sharing during Thursday’s energy committee debate.

“I start with the proposition that Senator Landrieu and Senator Murkowski are correct in saying the states should receive a share of the revenue from resources extraction that affects them,” said Wyden. But he also expressed concern about how the plan could affect the federal Treasury.

Landrieu argues that coastal states deserve compensation for the impact of oil development in federal waters off their shores, and revenue-sharing backers also hope it will provide more states incentive to back drilling.

Louisiana and other Gulf states with offshore drilling already won some revenue-sharing in a 2006 law.

Andrew Restuccia contributed to this story.