Additional Funding Streams

In addition to funds expected under the RESTORE Act, additional restoration funding streams related to the Deepwater Horizon oil spill will provide other revenues for coastal restoration.

NFWF

The National Fish and Wildlife Foundation (NFWF) was created by Congress in 1984 to support conservation efforts made through grants in all 50 states. The Department of Justice (DOJ) selected NFWF as a beneficiary for a portion of criminal fines assessed in the Deepwater Horizon oil spill. DOJ has reached partial settlements with BP and Transocean, owner of the Deepwater Horizon oil rig, directing $2.544 billion to NFWF. Half of that money is reserved for coastal restoration projects in Louisiana for sediment diversions and barrier island restoration

NRDA

Natural Resources Damage Assessment (NRDA) is a scientific and legal process used to quantify injury and restore resources following an oil spill. In 2010, Deepwater Horizon Trustees announced their Intent to Conduct Restoration Planning regarding the discharge of oil from the disaster. While the full process to assess and quantify damage from the spill is expected to take years, BP has agreed to provide the Trustees with up to $1 billion in early restoration funding. To date, BP has agreed to fund nearly $700 million in restoration projects across the five Gulf Coast states. The restoration projects vary in size, scope and categories. The latest round of projects, estimated to cost $625 million includes restoration to barrier islands, beaches, wetlands and recreational areas.