A Drop In The Ocean: Recovery Projects Worth $134 Million Proposed For BP Oil Spill – 22 April 2015

RT logoOfficials overseeing the cleanup of the Gulf of Mexico have proposed 10 new recovery projects, worth $134 million. The funds are part of a $1 billion fund set aside by BP to deal with the Deepwater Horizon disaster, the worst oil spill in US history.

If approved, the total amount earmarked for recovery projects would reach $832 million. BP has created the fund as a down payment for early restoration projects. The company is expected to eventually pay more than $13 billion in penalties for the 2010 disaster that spilled around 130 million gallons of crude oil into the Gulf, devastating the local economy and wildlife.

The biggest project announced on Monday, the fifth anniversary of the explosion aboard the Deepwater Horizon oil rig, sets aside $45 million towards a 10-year study and restoration effort. This is aimed at supporting sea turtles along the shores of Texas and Mexico, including the Padre Island National Seashore.

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