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First Step To Create Fund For Gulf Coast Restoration

First Step To Create Fund For Gulf Coast Restoration

 

It will be two years in April since the Deepwater Horizon oil rig exploded off the Louisiana Gulf Coast. A federal case, which is really hundreds of combined lawsuits, is scheduled to start on February 27 in New Orleans. Given the upcoming anniversary and the pending court case, it’s only fitting that last week the House voted to include the RESTORE amendment to the American Energy and Infrastructure Jobs Act, better known as the transportation bill.

What is RESTORE? It stands for Resources and Ecosystems Sustainability, Tourist Opportunity, and Revived Economies, and it would create a Gulf Coast Restoration Trust Fund. A total of 80 percent of the Clean Water Act oil spill fines, which could reach $20 billion, would go towards the Gulf Coast Restoration Trust Fund.

The House passed the RESTORE amendment on February 15 with a 266 to 159 vote. A group of Republican House members from the Gulf Coast led the fight for the amendment, including Rep. Steve Palazzo (MS), Steve Scalise (LA) and Peter Olson (TX). There’s a separate bill, the RESTORE Act, which hasn’t yet come up for a vote.

“This amendment is a huge first step, and it will be the first time either house of Congress votes on bringing oil spill fines back to the Gulf Coast states,” Palazzo said.

Scalise said, “This is a really important milestone. We feel like we’ve got a real opportunity to get this passed and get this fund in place.”

Another Republican from the Gulf Coast, Rep. Jo Bonner (AL) announced his support for the RESTORE Act and praised the RESTORE amendment. Bonner said, “While not the end of our efforts to make the Gulf Coast whole after the BP—Deepwater Horizon oil spill nearly two years ago, the amendment before the House today is the first vote taken in either the House or Senate to create the Gulf Coast Restoration Trust Fund and is an important step forward.”

Bonner added that by passing the RESTORE amendment, “the House today sent a signal to the Justice and Treasury Departments that the House of Representatives agrees that 80 percent of the Deepwater Horizon oil spill fines should be reserved in a trust fund for Gulf Coast restoration.”

The Senate still has to pass the amendment in order for it to be included in the bill. Do something to urge the Senate to include the amendment: Sign the petition to help Brown Pelicans in the Gulf.

 

Related Stories:

BP Made $3 Million An Hour In 2011, While Spill Victims Continue To Suffer

Secret Oil Spill Has Been Poisoning The Gulf For 7 Years

Shell’s Rape of Nigeria Continues: Another Oil Spill

 

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Photo credit: Flickr user, ellenm1

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27 comments

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3:19PM PST on Feb 26, 2012

should have done this a long time ago, and oil companies should be paying for it

7:32PM PST on Feb 25, 2012

Is there a top limit on the fund so that BP would be off the hook for any cleanup not yet completed ? They offered to pay all reasonable costs. I would consider a reasonable cost would be the amount necessary to return the Gulf to its pre Deepwater Horizon condition. Let's give BP the opportunity to do that. I am sure their conscioence is bothering them, because they are after all, a person.

6:10PM PST on Feb 24, 2012

As we approach 2 years since the disastrous BP Oil Spill, many living and working along the Gulf are still suffering. The Disaster Distress Helpline offers crisis counseling and support to anyone in need. Calls are answered 24/7, year-round by independently-operated crisis call centers; call 1-800-985-5990 or text 'talkwithus' to 66746.

4:49PM PST on Feb 24, 2012

Better late than never...

4:34PM PST on Feb 24, 2012

My question is what are they going to with the money? A better question is who will oversee the doling out of the money? Are we going to have this all taken care of by the idiots in politics?

3:24PM PST on Feb 24, 2012

Good question John M !

3:22PM PST on Feb 24, 2012

It's only taken two years. Better late than never I suppose.

11:59AM PST on Feb 24, 2012

I read several articles and seen some videos on this issue. I have signed many petitions on this issue as well. I feel the RESTORE amendment is an excellent idea!

11:35AM PST on Feb 24, 2012

RESTORE sounds like an excellent idea. I hope it makes the difference it is designed to.

"The House passed the RESTORE amendment... with a 266 to 159 vote"
- I wanna know who voted against it and why?.?.? so I can put my boot up their a** (figuratively of course). ;)

11:13AM PST on Feb 24, 2012

And the money?

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