The former Gang-of-10 compromise, which has since expanded to 16 and then 20 US Senators, proposes to swap limited offshore drilling for an increase in renewable energy support.
The Gang-of-20 bill severely limits offshore drilling to a handful of Southeastern states that must opt in to allow increased drilling, and moves the drilling boundary to 100 miles offshore (from its current 200 miles) “with states given the option to set it at 50 miles.”
The compromise also funds a lot of renewable energy projects, including renewing the renewable energy tax credit. Hopefully Senate Democrats can get enough support from Republicans to get this thing passed! It's a win-win situation, because if Republicans block it then they expose that they're only interested in oil drilling.