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By ELI Ocean Program Staff
As we prepare to mark six years since the start of the Deepwater Horizon disaster, another important milestone has been reached in Gulf restoration: the court has now entered the consent decree among the federal government, five Gulf states, and BP. This puts to an end years of speculation and disputes regarding how much BP will pay in civil penalties and natural resource damages.
Some of the more significant facts and figures about the consent decree are summarized below:
By ELI Ocean Program Staff
As we prepare to mark six years since the start of the Deepwater Horizon disaster, another important milestone has been reached in Gulf restoration: the court has now entered the consent decree among the federal government, five Gulf states, and BP. This puts to an end years of speculation and disputes regarding how much BP will pay in civil penalties and natural resource damages.
Some of the more significant facts and figures about the consent decree are summarized below:
Now that the proposed consent decree among the United States, five Gulf states, and BP has been released, there is greater certainty about the amount of funding that will flow to the Gulf for restoration and recovery efforts.
Now that the proposed consent decree among the United States, five Gulf states, and BP has been released, there is greater certainty about the amount of funding that will flow to the Gulf for restoration and recovery efforts.
By ELI Ocean Program Staff
On October 5, 2015, a historic milestone was reached in Gulf restoration: the terms to settle the United States’ and five Gulf states’ remaining claims against BP were announced. Along with separate agreements with local government entities, these settlements total $20.8 billion. This amount includes:
By ELI Ocean Program Staff
On October 5, 2015, a historic milestone was reached in Gulf restoration: the terms to settle the United States’ and five Gulf states’ remaining claims against BP were announced. Along with separate agreements with local government entities, these settlements total $20.8 billion. This amount includes:
By ELI Ocean Program Staff
On August 13, 2015, another important milestone in Gulf restoration was reached: the Gulf Coast Ecosystem Restoration Council released its draft Initial Funded Priorities List (“Draft FPL”). The Draft FPL proposes approximately $139.6 million worth of projects and programs, which will be funded with monies from the Transocean settlement, about $240 million of which were allocated to the Council (note that the much larger settlement with BP is not yet final, so the Council has yet to receive any of that funding).
By ELI Ocean Program Staff
On August 13, 2015, another important milestone in Gulf restoration was reached: the Gulf Coast Ecosystem Restoration Council released its draft Initial Funded Priorities List (“Draft FPL”). The Draft FPL proposes approximately $139.6 million worth of projects and programs, which will be funded with monies from the Transocean settlement, about $240 million of which were allocated to the Council (note that the much larger settlement with BP is not yet final, so the Council has yet to receive any of that funding).
By ELI Ocean Program Staff
On July 2, 2015, a monumental announcement was made: an agreement in principle has been reached to settle all federal and state claims against BP arising from the Deepwater Horizon oil spill for $18.732 billion (see BP’s press release here). This amount includes:
By ELI Ocean Program Staff
On July 2, 2015, a monumental announcement was made: an agreement in principle has been reached to settle all federal and state claims against BP arising from the Deepwater Horizon oil spill for $18.732 billion (see BP’s press release here). This amount includes: