Virginia Moving Quickly on Drilling Plan
Virginia Governor Bob McDonnell (R) is counting on revenue from oil and gas drilling off the mid-Atlantic coast, regions just unlocked by President Obama’s announcement, to help fix his state’s roads and fill budget shortfalls. Virginia expects up to $8 billion worth of investment in the state as oil and natural gas companies ramp up to begin exploratory drilling as early as next year. However, doubts remain about the future of the revenue-splitting proposal. Source: Clean Skies News
