Audubon Florida News

U.S. Treasury Issues Long-Anticipated BP Oil Spill Restoration Rule

posted on August 5, 2013 in Gulf Oil Spill

oil-on-beachOn Friday, August 2, the United States Treasury sent a proposed rule to the White House Office of Management and Budget to implement the RESTORE Act, passed to ensure 80% of all fines collected in the wake of the Deepwater Horizon oil spill disaster go to restoration purposes in the Gulf States. The Treasury has the lead role in fund distribution.

You can view the rule for yourself by clicking here.

BP, in an ongoing civil case, faces up to $17.6 billion in Clean Water Act fines for the 2010 disaster.

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