Virginia Gov. Bob McDonnell said two major energy initiatives that would bring new revenues to the state and create thousands of jobs are moving forward in separate federal approval processes.

The U.S. House Natural Resources Committee last week passed legislation to open new offshore areas for oil and natural gas production, including the waters off the Virginia coast.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.