Passed in July 2012, The RESTORE Act directs money from penalties in response to the BP oil disaster to the Gulf Coast, but has only been a written law – a promise to the citizens of the region – until now. A newly announced $1.4 billion settlement between the Department of Justice and Transocean Ltd will provide some real green to the RESTORE Act and help to begin the restoration of the Gulf of Mexico’s coastal and marine resources.
Holding all parties responsible for their role in the BP oil disaster is imperative to provide some of the financing needed to restore the Gulf’s ecosystems and people. Transocean will plead guilty to violating the Clean Water Act and pay over a billion dollars in fines.
It is great news that a combined $300 million from the settlement will be directed to the National Fish and Wildlife Foundation and National Academy of Sciences. Using and improving science is extremely important not only in recovering from disasters, but in gaining a better understanding of the Gulf’s resources so we can provide better protection for these resources so critical to the culture and livelihoods of the Gulf Coast and the Nation.
This new settlement is a great step forward, but the biggest step is yet to come. BP still needs to be held fully accountable and it’s unfortunate that we still have no resolution of civil and administrative claims. We deserve nothing less than a trial resolution that recognizes and compensates the people of the Gulf for all that has been lost.
As we move forward, we must not forget the off-shore environment, where this disaster began. Restoration of the Gulf requires an approach that addresses marine resources as well as coastal environments and Gulf communities.
We must focus our effort, energy and funding to restoration of our coastal and marine environments as well as our coastal communities if we are going to realize our vision of a vibrant and healthy Gulf region. Ocean Conservancy encourages everyone to continue to be involved in the restoration process and to work together to make sure all liable parties are held accountable and that we have a Gulf of Mexico stronger than before.