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Full Details of $20.8 Billion BP Deepwater Horizon Settlement Released for Public Comment
October 5, 2015
U.S. Department of Justice announces full details of $20.8 billion settlement resolving outstanding economic and environmental claims from the BP Deepwater Horizon oil disaster.
Today, the U.S. Department of Justice announced that the full details of a $20.8 billion settlement resolving outstanding economic and environmental claims from the BP Deepwater Horizon oil disaster are now available for public comment. This consent decree provides further details for the agreement in principle that BP and the U.S. Department of Justice released in July. Also released today is an extensive, high-level restoration planning document that will guide spending of $8.1 billion to restore the natural resource damages related to the oil disaster.
The following is a statement from Bethany Carl Kraft, Director of Ocean Conservancy’s Gulf Restoration Program*:
“While there are many details that require further review, Ocean Conservancy’s initial reaction to the consent decree and draft restoration plan is largely positive. In particular, the Trustees’ comprehensive approach to restoration is absolutely necessary given the scale and complexity of injuries to wildlife and habitats. Additionally, the Trustees have identified a restoration goal for monitoring and adaptive management, recognizing that there is still much to be learned about how best to restore injured resources. Finally, proposed restoration options include a number of projects that will reduce stressors to impacted resources, thus ensuring that the health of our environment moves restoration beyond BP to a new level of health and vitality in the Gulf.