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BOEM budget: $26.5m for offshore renewables

By: Tom Russell 11/02/2020 BOEM

General

U.S. President Donald Trump has proposed a $188.8 million Fiscal Year (FY) 2021 budget for the Bureau of Ocean Energy Management (BOEM) to manage offshore energy and mineral resources.

Of the $188.8 million FY 2021 budget, approximately $26.5 million has been earmarked to advance offshore renewable energy development. BOEM will continue to advance renewable energy through its leasing program and streamlining its permitting and National Environmental Policy Act (NEPA) processes. In addition, the proposed budget increases BOEM’s capacity to undertake research activities and foster stakeholder engagement.

“This Administration calls for furthering America's energy security, producing energy in a safe and environmentally sound manner, while ensuring fair market value to the taxpayers,” said BOEM’s Acting Director, Dr. Walter Cruickshank. “The FY 2021 budget request allows BOEM to continue its efforts to advance these goals as part of our statutory mission.”

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BOEM budget: $26.5m for offshore renewables

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