How Will Alabama’s BP Money Be Spent?

After a plea deal in 2013, BP and Transocean agreed to pony up $2.54 billion for the 2010 oil spill. That money was put in the Gulf Environment Benefit Fund and then split between the effected states with Alabama receiving $356 million over the next five years for environmental restoration.

So far three projects have been approved in Alabama:  Fowl River restoration, D’Olive Creek restoration, and various oyster reef restoration. The total earmarked for those projects is $12.6 million. That leaves more than $343 million left to spend on other projects. So where will that money go?

A meeting today should answer some of those questions. The State of Alabama Department of Conservation and Natural Resources (ADCNR) along with the National Fish and Wildlife Foundation (NFWF) will be holding a public information meeting at the Five Rivers Delta Resource center from 3pm to 5pm. FOX10 News Reporter Matt Barrentine will be at that meeting and will be asking about that money and what benefits the area can expect to see. We’ll have that story tonight on FOX10 News at 5pm.

 

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