Sen. Thom Tillis and Sen. Richard Burr, both Republicans, jointly filed an amendment to the Keystone XL pipeline bill — yet to be passed — which would open states like Delaware, Maryland, North Carolina and Virginia to offshore oil development.
The plan is estimated to provide 55,000 jobs, as well as lower utility costs within North Carolina, Tillis and Burr said in a statement on Jan. 22. It also included a measure for revenue sharing, outlining a 37.5 percent share of all Outer Continental Shelf leasing transactions to go directly to states.
Laura Taylor, director of the N.C. State University Center for Environmental and Resource Economic Policy, said even with revenue sharing — now exclusively available to few Gulf states — there’s little benefit to North Carolinians.
“(It) will not change the price of gasoline at all. That’s one thing we know for sure. It’s like opening up one more McDonald’s in the Triangle is not going to change the price of any hamburgers in the Triangle,” she said.