NRDA Trustees announce $1 billion agreement to fund early Gulf Coast restoration projects

Follow up to previous postings on the Deepwater oil spill,
this news release from NOAA:

  • “Under an unprecedented agreement announced today by the Natural Resource Trustees for the Deepwater Horizon oil spill (Trustees), BP has agreed to provide $1 billion toward early restoration projects in the Gulf of Mexico to address injuries to natural resources caused by the spill. The Trustees involved are: Alabama, Florida, Louisiana, Mississippi, Texas, the Department of the Interior (DOI), and the National Oceanic and Atmospheric Administration (NOAA). The Department of Justice provided assistance in reaching the agreement. This early restoration agreement, the largest of its kind ever reached, represents a first step toward fulfilling BP’s obligation to fund the complete restoration of injured public resources, including the loss of use of those resources by the people living, working and visiting the area. The Trustees will use the money to fund projects such as the rebuilding of coastal marshes, replenishment of damaged beaches, conservation of sensitive areas for ocean habitat for injured wildlife, and restoration of barrier islands and wetlands that provide natural protection from storms.”
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