Frequently Asked Questions (FAQs)
BP Consent Decree FinalizedAs 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.
ELI Gulf Team, February 24, 2016
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. We now know that, if the settlement with BP is finalized, up to $16.67 billion will be available through the three main processes – the natural resource damage assessment process, RESTORE Act funding, and National Fish and Wildlife Foundation (NFWF) grants. Of that amount, only about $1.57 billion has been obligated to projects. That means that there is much more money left to be spent.
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
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
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.
On May 20, 2015, the Deepwater Horizon trustees released a draft plan for a fourth phase of early restoration, which proposed 10 projects costing around $134 million. With this recent announcement, now is a good time to review where the money has been spent so far and how the fourth round fits into the broader early restoration picture.
Remembrance of Tragedy, Processes for Healing: Deepwater Horizon, Five Years LaterIt was five years ago today that a blowout rocked the Deepwater Horizon oil rig, leading to one of the worst oil spills in the nation’s history.
Deepwater Horizon Litigation: Where Things Stand and What is NextThe Deepwater Horizon disaster spurred numerous lawsuits. The trial that is the subject of this blog is largely focused on Clean Water Act (CWA) civil penalties related to the oil spill.
Deepwater Horizon Project TrackingIn the Gulf of Mexico region, 89 projects to date have been finalized for restoration and recovery in the wake of the Deepwater Horizon oil spill.