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Sep 07

8th Anniversary Deepwater Horizon; 5 Years of Gulf Environmental Benefit Fund -posted May 4, 2018

Posted on September 7, 2018 at 3:25 PM by Jim Muller

Marking the eighth anniversary of the Deepwater Horizon disaster and the resulting effort to restore the Gulf of Mexico through the Gulf Environmental Benefit Fund of the National Fish and Wildlife Foundation.

"The National Fish and Wildlife Foundation (NFWF) today [April 20] marks eight years of funding recovery efforts across the Gulf of Mexico following the 2010 Deepwater Horizon oil spill, including working with partners to take vital early actions to reduce harm to wildlife and five subsequent years of conservation work through the Foundation’s Gulf Environmental Benefit Fund (GEBF).

NFWF launched the GEBF in 2013 in response to remedial orders contained in plea agreements between the U.S. Department of Justice and BP and Transocean. The plea agreements resolved certain criminal charges against both companies relating to the 2010 oil spill. Provisions within the agreements direct a total of $2.54 billion to NFWF over a five-year period to be used to support natural resource projects in Alabama, Florida, Louisiana, Mississippi and Texas....

Since the GEBF’s inception in 2013, 122 projects have been awarded more than $1 billion to remedy harm and reduce the risk of future harm to natural resources that were affected by the oil spill...."