Gulf of Mexico Energy Security Act

The Gulf of Mexico Energy Security Act (GOMESA), enacted in 2006, aims to enhance energy production while managing environmental concerns. It allows for oil and gas exploration in certain federal waters off the Gulf Coast, promoting energy security and economic growth. A key feature is the allocation of a portion of the revenue generated from these leases to Gulf Coast states for conservation, restoration, and infrastructure projects. This act seeks to balance the need for energy resources with the preservation of the coastal environment, benefiting both the economy and local ecosystems.