Saturday, December 09, 2006

AGL Resources CEO Applauds Passage of OCS Legislation

The United States Congress today approved final passage of legislation that will open new areas of the outer continental shelf within the Gulf of Mexico to oil and gas drilling and exploration. Following the vote, AGL Resources, an Atlanta-based energy services holding company with utility subsidiaries in six states, expressed its appreciation for the effort.
"We commend the United States Congress for passing the outer continental shelf legislation," said John Somerhalder, president and chief executive officer of AGL Resources. "While we are disappointed that more comprehensive legislation -- which would have given states more discretion over resources off their respective coasts -- did not pass this term, we are pleased with the results of this measure. Any action which allows Americans greater access to domestic natural gas supply basins is a move in the right direction."

Glad to see he finally did!

News Link