NFWF Expects to Receive Funds From BP Settlement
WASHINGTON, Nov. 15, 2012 (GLOBE NEWSWIRE) -- Under the terms of the BP
settlement agreement announced today by the U.S. Department of Justice, the
National Fish and Wildlife Foundation (NFWF) expects to receive $2.394 billion
over five years from BP as part of its resolution of federal criminal charges
stemming from the 2010 Deepwater Horizon explosion and oil spill.
The agreement must be approved by a federal judge before it becomes final.
NFWF will manage the funds in strict compliance with the terms of the final
court-approved settlement. NFWF expects to direct the funds largely to
projects, as described today by Attorney General Eric Holder, for
"environmental restoration, preservation, and conservation efforts throughout
[the Gulf] region – including barrier-island creation and river diversion
projects in Louisiana."
"We will work collaboratively with government and private sector stakeholders
to ensure these funds are spent effectively and transparently to achieve the
best possible outcomes for the Gulf ecosystem, consistent with the terms of
the settlement," said Jeff Trandahl, executive director and CEO of NFWF. "To
achieve this, we will rely heavily on our established, science-based strategy
for identifying and selecting appropriate projects to receive funding, all
aimed at ensuring a healthy future for our country's richest marine
NFWF, one of the nation's largest conservation funders, supports conservation
efforts in all 50 states, U.S. territories and abroad. Since 2010, it has
invested nearly $23 million in the Gulf region, working with a wide network of
conservation groups to address the needs of species affected by the oil spill.
The non-profit organization was chartered by Congress in 1984.
Background on The National Fish and Wildlife Foundation
The National Fish and Wildlife Foundation, one of the nation's largest
non-profit funders of conservation projects, was created by the U.S. Congress
in 1984 to protect and restore fish and wildlife and their habitats.
We provide grants on a competitive basis to protect imperiled species, promote
healthy oceans and waterways, improve wildlife habitat, advance sustainable
fisheries and conserve water for wildlife and people. Since its establishment,
NFWF has awarded over 12,100 grants to more than 4,000 organizations,
leveraging $618 million in federal funds into more than $2.1 billion for
conservation through our partnerships.
Additionally, NFWF serves as a neutral, third-party fiduciary to receive,
manage and disburse conservation funds arising from legal and regulatory
proceedings.. Most often these funds originate from court orders, settlements
of legal or administrative cases, regulatory permits, licenses, or
conservation and mitigation plans. The funds are managed under NFWF's
Impact-Directed Environmental Account (IDEA) program. NFWF works
collaboratively with government and the private sector to ensure that funds
are spent effectively and transparently on conservation and restoration
NFWF's mandate is to connect government agencies, non-profit organizations,
corporations and individuals to combine federal funds with private donations
for effective, results-oriented conservation projects.
We focus on the most effective projects using the best science to meet the
nation's greatest conservation needs.
We are governed by a 30-member board of directors approved by the Secretary of
Interior and including the heads of the U.S. Fish and Wildlife Service and
NOAA. We have no membership and do not support advocacy or litigation.
NFWF commitment to the Gulf Coast
NFWF is working with government agencies, non-governmental organizations,
private individuals and corporations to protect and restore Gulf coast fish,
wildlife and their habitats impacted by the Deepwater Horizon oil spill in
Our two decades of work on the Gulf Coast propelled NFWF into a leadership
role coordinating emergency efforts to minimize the impact of the oil spill on
threatened fish, wildlife and habitats and to bolster wildlife populations to
ensure their long-term survival.
Since 2010, we have invested $22.9 million in restoration programs for at-risk
Gulf birds, sea turtles, fish and other wildlife.
Our projects focus on the species most at risk, and are designed to boost
these populations and promote their long-term survival. Strategic investments
are being funded through the Recovered Oil Fund for Wildlife and other
sources. See the complete list of our projectsin the Gulf.
In Gulf coastal waters, wetlands, beaches, and barrier islands, NFWF projects
are helping to increase populations among species most affected by the
Deepwater Horizon spill. View a map of our Gulf response projects.
Over the past 20 years, NFWF has been a leader in conservation efforts in the
Gulf of Mexico, with investments of more than $128 million. More than 450
funded projects have included wetlands management, oyster reef restoration,
commercial shrimp license buybacks and the recovery of the Kemp's ridley sea
turtle and loggerhead sea turtles. See a map of our history of projects in the
Visit our website:www.nfwf.org
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