On Sunday, Governor John Bel Edwards announced that Louisiana will receive $94 million from the Gulf of Mexico Energy Security Act (GOMESA).
GOMESA allows Louisiana, Alabama, Mississippi, and Texas to share in the revenues generated from offshore oil and gas productions in the Gulf of Mexico. A second portion of that revenue is also directed to the Land and Water Conservation Fund.
This will be the second payout that Lousiana has received under GOMESA. In the first, Louisiana received only $70 million – around half of the $140 million it had been expecting.
This year’s larger portion of GOMESA funds will be used to help fund a variety of coastal restoration and hurricane preparation projects across the Louisiana coast, including additional levees, floodgates, and pumping stations.
According to Edwards, the various projects “will better protect our communities, help restore our coast, and make our state more resilient.”