BP Oil Spill Fines Clear Way for Largest Restoration Effort in U.S. History
State and federal leaders have once-in-a-lifetime window to make good on promises
(NEW ORLEANS – April 4, 2016) Groups working on Gulf restoration lauded news today of the signing of the consent decree between the Department of Justice and BP. The agreement is the final step to settling BP’s penalties for the 2010 Deepwater Horizon oil disaster.
Groups including Environmental Defense Fund, National Wildlife Federation, National Audubon Society, Ocean Conservancy, and The Nature Conservancy, released the following statement:
“Today’s approval by Judge Carl Barbier means that billions of dollars for the largest environmental restoration effort in American history can finally be put to work. Funding under the provisions of the RESTORE Act and for natural resource damages will now be guaranteed for the next 17 years. This is a unique opportunity for state and federal agencies to work together toward a more resilient Gulf of Mexico. If done right, investment in the Gulf can have lasting benefits for the region and the nation.
“Now is a time for big thinking across funding streams. This is a defining moment for the RESTORE Council and Natural Resource Damage Assessment Trustees, National Fish and Wildlife Foundation leaders and others to all pull together and make good on years of promises for Gulf Coast restoration and resilience.”
One of the world’s leading international nonprofit organizations, Environmental Defense Fund (edf.org) creates transformational solutions to the most serious environmental problems. To do so, EDF links science, economics, law, and innovative private-sector partnerships. With more than 3 million members and offices in the United States, China, Mexico, Indonesia and the European Union, EDF’s scientists, economists, attorneys and policy experts are working in 28 countries to turn our solutions into action. Connect with us on Twitter @EnvDefenseFund
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