About $2.4 billion of BP’s recent settlement agreement of $4.5 billion will go to benefit fish and wildlife habitats along the Gulf Coast. Those funds will be funneled through the National Fish And Wildlife Foundation (NFWF), an independent non-profit conservation groups chartered by Congress in 1984.
"Ducks Unlimited applauds the decision to direct a significant portion of the settlement funds to the National Fish and Wildlife Foundation," DU CEO Dale Hall said.
"NFWF is the appropriate organization to manage these funds and determine how they can best be used to benefit Gulf Coast fish and wildlife and the people who depend on these resources for their livelihood and recreation. NFWF's role in managing these funds is good news for the people and wildlife of the Gulf Coast."
Under this agreement with the U.S. Department of Justice, BP pled guilty to several criminal charges for its role in the 2010 Deepwater Horizon disaster, which discharged an estimated 200 million gallons of crude oil into the Gulf of Mexico.
“All of us at BP deeply regret the tragic loss of life caused by the Deepwater Horizon accident as well as the impact of the spill on the Gulf coast region,” said Bob Dudley, BP’s Group Chief Executive.
“From the outset, we stepped up by responding to the spill, paying legitimate claims and funding restoration efforts in the Gulf. We apologize for our role in the accident, and as today’s resolution with the U.S. government further reflects, we have accepted responsibility for our actions.”
The $4.5 billion settlement does not resolve penalties that could result from violations of the Clean Water Act. These penalties could range as high as $20 million if BP is found guilty of gross negligence.