Texas Coastal Conservation and Demystifying Deepwater Horizon: Gulf - - PowerPoint PPT Presentation

Texas Coastal Conservation and Demystifying Deepwater Horizon: Gulf Environmental Benefit Fund

Jon Porthouse 2 March 2017

Gulf Environmental Benefit Fund

• $2.5+ billion from BP and Transocean

to:

– Conduct or fund projects – Remedy harm, or reduce or eliminate risk of future harm, to Gulf coast natural resources – Where there has been injury to, destruction of, loss of, or loss of use

• f resources resulting from the

Macondo oil spill – Consult with State resource agencies, USFWS, and NOAA – Maximize environmental benefits

BP = $2,394M; Transocean = $150M

Conservation Priorities

• 1. Restore and Conserve

Coastal Habitat

• Coastal marsh
• Barrier islands &

beach/dune habitat

• Coastal bays & estuaries
• 2. Enhance Populations of

Priority Living Coastal and Marine Resources

• Oysters
• Gulf coast birds
• Red snapper & reef fish
• Sea turtles
• Marine mammals

GEBF Allocations to Date

* Note: Data is coarsely aggregated from information presented in fact sheets of GEBF projects (www.nfwf.org/gulf) approved for funding in the years 2013-2016 and is for conceptual illustration of the breadth of the program. Projects include planning, design, and implementation in each category. This does not reflect disbursements, is NOT official, and NOT for citation.

Over $870 million 99 Projects

TX- GEBF Allocations to Date

* Note: Data is coarsely aggregated from information presented in fact sheets of GEBF projects (www.nfwf.org/gulf) approved for funding in the years 2013-2016 and is for conceptual illustration of the breadth of the program. Projects include planning, design, and implementation in each category. This does not reflect disbursements, is NOT official, and NOT for citation.

Nearly $84 million 29 Projects

Evaluation of Conservation Opportunities

• Plea compliance
• Significance
• Cost effectiveness
• Sustainability
• Due diligence documentation