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Water-Related News

NFWF Announces $15.7 Million for Gulf Restoration Projects in Florida

Projects funded as a part of initial investment of funds derived from settlement of criminal charges against BP and Transocean

WASHINGTON, DC – The National Fish and Wildlife Foundation (NFWF) on Nov. 14th announced the funding of $15.7 million for six Florida projects that address high priority conservation needs. The projects, developed in consultation with the Florida Fish and Wildlife Conservation Commission, the Florida Department of Environmental Protection and federal resource agencies, are designed to remedy harm or reduce the risk of future harm to natural resources that were affected by the 2010 Deepwater Horizon oil spill.

The moneys are the first disbursements from NFWF’s Gulf Environmental Benefit Fund, created earlier this year as part of the settlement between the U.S. Department of Justice and BP and Transocean to resolve certain criminal charges against both companies in relation to the spill.

The announcement represents the initial obligation of funds from the first disbursements received by the Gulf Fund. Under the allocation formula and other provisions contained in the plea agreements, $356 million will be paid into the Gulf Fund over the next five years for conservation projects in the the state of Florida.