GOMESA

GOMESA stands for the Gulf of Mexico Energy Security Act. It is a law that shares revenue from offshore oil and gas leasing in the Gulf of Mexico between the federal government and nearby coastal states like Louisiana, Mississippi, Alabama, and Texas. The goal is to ensure these states benefit financially from oil and gas activities near their shores, helping fund coastal restoration and infrastructure projects. GOMESA balances energy development with environmental and community concerns, promoting responsible resource management while providing economic support to affected regions.