USE DRILLING ROYALTIES FOR AN
AWASHINGTON, D.C., THINK TANK has called for more federal spending on ocean issues. Unlike similar campaigns, however, this one identifies an existing
source of funding by advocating use of royalties from commercial oil and gas drilling leases to pay for new ocean and coastal
science, management, and ecosystem restoration. In its recent
report of recommendations to Congress and President Obama,
the Joint Ocean Commission Initiative also highlights the
urgency for increased “ocean management” spending following
hurricanes Katrina and Sandy, plus new funding for increasingly
sophisticated ocean observing systems.
The Joint Ocean Commission Initiative, founded in 2005 to advocate earlier recommendations of the presidentially appointed U.S.
Commission on Ocean Policy and the privately funded Pew Ocean
Commission, also calls on the federal government to accelerate ocean
renewable energy development. That refers to offshore wind farms,
and wave and tidal power stations built to generate electricity. Under
the proposal, such facilities also would pay royalties into the trust
fund, increasing ocean energy revenues.
In its argument for a “dedicated ocean investment fund,” the Joint
Ocean Commission Initiative cites the success of a tax on seafood
imports that pays for fisheries research, as well as the accomplish-
ments of the Sport Fish Restoration and Boating Trust Fund in paying
for boating-safety programs. “As these trust funds have shown,” the
report notes, “a smart investment in our oceans can have a very posi-
tive impact on our nation.” — R.L. P H
COMING SOON ... OUR NEW
DIY PROJECTS ISSUE!
In October, members who are
part of our BoatU.S Trailer Assist
Roadside Assistance program will
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Our special edition, 160 Great Trailering Tips, Tactics & Projects,
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