BP’s Oil Spill Fines Might Not Help the Gulf December 3, 2010Posted by Jamie Friedland in Congress, Media, Offshore Drilling.
Tags: BP, Deepwater Horizon, Gulf of Mexico, Mabus Report, Offshore Drilling, Oil Spill
In addition to BP’s compensatory fund, the company must pay a per-barrel fine for its gratuitously spilled oil. Under current law, that money is paid into the federal treasury instead of funding restoration efforts.
The Obama administration tapped former Secretary of the Navy Ray Mabus to compile a report on how best to enact a long-term Gulf restoration plan. One of the major recommendations in the Mabus Report was to pass a law directing funds from BP’s fines straight to Gulf restoration efforts. Seems simple enough, but even obvious baby steps require prodding in this obstructionist legislative environment.
Read the full post at Change.org.