Second Round of Grants from the Gulf Environmental Benefit Fund
WASHINGTON, D.C., Nov. 17, 2014 -- The National Fish and Wildlife Foundation (NFWF) today announced $9.6 million for four Alabama projects that address high-priority conservation needs. The projects, developed in consultation with the Alabama Department of Conservation and Natural Resources and federal resource agencies, are designed to remedy harm or reduce the risk of future harm to natural resources that were affected by the 2010 Deepwater Horizon oil spill.
The moneys are the second obligation from NFWF’s Gulf Environmental Benefit Fund, created 18 months ago as part of the settlement between the U.S. Department of Justice, BP and Transocean to resolve certain criminal charges against both companies in relation to the spill. Under the allocation formula and other provisions contained in the plea agreements, a total of $356 million will be paid into the Gulf Fund over a five-year period for conservation projects in the state of Alabama.