Gulf Environmental Benefit Fund
In early 2013, a U.S. District Court approved two plea agreements resolving certain criminal cases against BP and Transocean which arose from the 2010 Deepwater Horizon explosion and oil spill. The agreements direct a total of $2.544 billion to the National Fish and Wildlife Foundation (NFWF) to fund projects benefiting the natural resources of the Gulf Coast that were impacted by the spill.
Over the next five years, NFWF’s newly established Gulf Environmental Benefit Fund will receive a total of $1.272 billion for barrier island and river diversion projects in Louisiana, $356 million each for natural resource projects in Alabama, Florida, and Mississippi, and $203 million for similar projects in Texas.
The first projects supported through the Fund were announced in November 2013 after consultation with state and federal resource agencies. Additional projects have recently been announced. As directed by the plea agreements, awarded projects are designed to “remedy harm and eliminate or reduce the risk of future harm to Gulf Coast natural resources.” The total value of awarded projects to date is more than $290 million.
Click here to view a comprehensive list of projects awarded by the GEBF.
Click on the map below to learn how the Fund works in each of the Gulf states.