National Fish and Wildlife Foundation Announces More than $100 million for Gulf Coast Restoration Projects
The Nature Conservancy Applauds NFWF for Funding Projects that Promote Restoration and Resiliency in the Gulf
Arlington, VA | November 15, 2013
Yesterday, the National Fish and Wildlife Foundation (NFWF) announced the award of more than $100 million from its Gulf Environmental Benefit Fund to more than 20 ecosystem restoration projects in the Gulf Coast region. This marks the first round of funding from the Gulf Environmental Benefit Fund (Fund), which was established as a result of plea agreements between the U.S. Department of Justice and BP and Transocean, resolving criminal charges against those companies from the 2010 Deepwater Horizon oil spill. Ultimately the Fund will direct a total of $2.544 billion to NFWF over a five-year period to be used to support projects that restore the Gulf of Mexico ecosystem.
The Nature Conservancy applauded the announcement. Robert Bendick, the director of the Gulf of Mexico Program for The Nature Conservancy, issued the following statement:
“The Nature Conservancy commends NFWF for selecting an excellent first slate of restoration projects for funding through the Gulf Environmental Benefit Fund. These projects, which range from restoring historic oyster reefs in Mobile Bay to designing an innovative project to divert sediment from the Mississippi River to restore Louisiana’s wetlands, will provide enormous benefits to the environment and communities of the Gulf. They both will restore habitats and species degraded by the oil spill and protect those lands and waters, which remain healthy and vibrant. Many of these investments in ecosystem restoration will also reduce Gulf communities’ vulnerability to storms and other natural hazards, as well as put people to work on land and in the water.”
Bendick continued, “We are pleased that NFWF came out with such a strong slate of projects from the gate, and believe that this first round of funding sets the right tone and standard for future projects that will be awarded from the Fund and other sources of Gulf restoration funding. We also hope that these project funds can be leveraged by state, federal, and nongovernmental partners to further increase the positive impacts that these funds will provide.”
Visit NFWF’s Gulf Environmental Benefit Fund website for its press release and a complete list of projects which will receive first round funding.
The Nature Conservancy is a leading conservation organization working around the world to conserve the lands and waters on which all life depends. The Conservancy and its more than 1 million members have protected nearly 120 million acres worldwide. Visit The Nature Conservancy on the Web at www.nature.org