Gulf Coast Restoration Summit

BP Criminal Fine Money Headed to Gulf Coast

NEW ORLEANS – November 15, 2012. This afternoon, U.S. Attorney General Eric Holder announced that BP will pay $4 billion in fines to settle criminal charges against it in the aftermath of the BP oil disaster. The majority of the money will go to the 5 Gulf States affected, including $2.4 billion for Gulf Coast environmental restoration, preservation, and conservation. Immediately afterwards, Rep. Ed Markey, Ranking Member of the U.S…. (Read More)

 

Gulf Coast Leaders Want BP to Clean Up Its Mess

NEW ORLEANS – August 28, 2012. Regional leaders at a Gulf Coast Restoration Summit, held in New Orleans this month, said they’re relieved that Congress passed the RESTORE Act in June, especially given Washington’s gridlock. But they’re unsure when money from RESTORE, which devotes 80 percent of BP’s Clean Water Act fines for the 2010 spill to Gulf states, will be available. Meanwhile, the coast is grappling with the spill’s… (Read More)

 

Senator David Vitter Announces Senate Hearing During Summit Speech

New Orleans – August 17, 2012. U.S. Senator David Vitter announced today that the Senate Environment and Public Works Committee will hold a hearing in New Orleans in late September on the RESTORE Act and the status of cleanup efforts in the aftermath of the 2010 BP oil disaster. Senator Vitter made his announcement during his keynote address at the Gulf Coast Restoration Summit. More than 300 government, business, and… (Read More)

 

RESTORE Act Signed

WASHINGTON – July 6, 2012. President Obama signed the RESTORE Act today, mandating that 80% of fines to be paid by BP for the 2010 oil spill be directed to the five Gulf states affected by the historic disaster. Fines could reach $21 billion. “With billions of dollars to be spent on the economic development and environmental restoration of Florida, Alabama, Mississippi, Louisiana, and Texas, this is a game-changer for the region,”… (Read More)

 

Congress Passes RESTORE Act

WASHINGTON – June 29, 2012. Congress passed the RESTORE Act today, mandating that 80% of fines to be paid by BP for the 2010 oil spill be directed to the five Gulf states affected by the historic disaster. Fines could reach $21 billion. “With billions of dollars to be spent on the economic development and environmental restoration of Florida, Alabama, Mississippi, Louisiana, and Texas, this is a game-changer for the… (Read More)

 

Deal Tying BP Oil Spill Fines To Transportation Bill Getting Close

WASHINGTON – June 26, 2012. Senate and House negotiators are nearing agreement on a two-year transportation bill that includes key components of legislation that would funnel billions of dollars in fines from the 2010 BP oil spill to the five Gulf States. “This is what we’re been working for,” said Sen. Mary Landrieu, D-La., as news of a possible transportation deal surfaced Tuesday afternoon that includes a measure known as… (Read More)

 

Plaquemines Parish President Billy Nungesser Praises Bill Loiry’s Gulf Coast Leadership

Belle Chasse – June 22, 2012. Last week, Plaquemines Parish President Billy Nungesser was a featured speaker at the Gulf Coast Restoration Summit in Destin, Florida. Hundreds of conference participants listened to President Nungesser and to senior Congressional staff, state legislators, county commissioners, state and city officials, business leaders, environmental experts, and lawyers providing the latest information on the RESTORE Act and other monies designed to help bring financial relief… (Read More)