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 of resources resulting from the Macondo oil spill – Consult with State resource BP = $2,394M; Transocean = $150M agencies, USFWS, and NOAA – Maximize environmental benefits

Conservation Priorities 1. Restore and Conserve 2. Enhance Populations of Coastal Habitat Priority Living Coastal and Marine Resources • Coastal marsh • Oysters • Barrier islands & • Gulf coast birds beach/dune habitat • Red snapper & reef fish • Coastal bays & estuaries • Sea turtles • Marine mammals

GEBF Allocations to Date Over $870 million 99 Projects * 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 This does not reflect disbursements, is NOT official, and NOT for citation.

TX- GEBF Allocations to Date Nearly $84 million 29 Projects * 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 This does not reflect disbursements, is NOT official, and NOT for citation.

Evaluation of Conservation Opportunities • Plea compliance • Significance • Cost effectiveness • Sustainability • Due diligence documentation