Written by Linc Bedrosian
GULF OF MEXICO — There's now a draft plan for using fines from the 2010 Gulf of Mexico oil spill to restore the Gulf Coast's natural resources and economy.
But the document doesn't include two items required by federal law: a 10-year allocation plan or a three-year priority list of projects and programs, The Times-Picayune reports.
There are several reasons, according to the 20-page "draft initial comprehensive plan" released Thursday by The Gulf Coast Ecosystem Restoration Council. One is that officials don't yet know how much money the RESTORE Act trust fund will get or when it will arrive. The U.S. Treasury has not issued procedures for spending it. The council wants public input. And Louisiana, Texas, Mississippi, Alabama and Florida have not yet completed their own plans.
The federal-state body will oversee billions of dollars in Clean Water Act fines from the spill. The RESTORE act allocates 80 percent of the money to restoration projects along the Gulf Coast and in the Gulf of Mexico, and the rest to a trust fund to cover the cost of future oil spills.
Along with the document, it released a 112-page environmental assessment and a list of several hundred potential federal and state projects and programs that have been authorized but not yet begun, 73 of them in Louisiana.
Its list of goals for spending the money: restore and conserve habitat, restore water quality, replenish and protect living coastal and marine resources, enhance community resilience, and restore and revitalize the Gulf economy.
As a result of a settlement of Clean Water Act civil claims with Transocean, the owner and operator of the Deepwater Horizon drilling rig that exploded and sank during the BP Macondo well blowout in 2010, the trust fund will receive $800 million during the next two years. It has already received $320 million of that.
Read the full story at the Mississippi Business Journal>>
National Fisherman Live: 3/10/15
In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.
National Fisherman Live: 2/24/15
In this episode:
March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received
Alaska Gov. Bill Walker is required by state statute to appoint someone to the Board of Fisheries by today, Tuesday, May 19. However, his efforts to fill the seat have gone unfulfilled since he took office in January. The seven-member board serves as an in-state fishery management council for fisheries in state waters.
The resignation of Walker’s director of Boards and Commissions, Karen Gillis, fanned the flames of controversy late last week.
Keith Decker, president and COO of High Liner Foods, will take over for the outgoing CEO, Harry Demone, who will assume the role as chairman of the board of directors. The Lunenburg, Nova Scotia-based seafood supplier boasts sales in excess of $310 million (American) for the first quarter of the year.Read more...