SuperTalk Mississippi

The RESTORE Act: The 5-Year Anniversary of the Oil Spill

BILOXI, Miss.- Tuesday was the 5-year anniversary of the largest offshore oil spill in U.S. history. In April 2010, the Deepwater Horizon oil drilling rig exploded in the Gulf of Mexico, resulting in oil flowing unchecked for three months straight, releasing millions of barrels of crude oil, shutting down tens of thousands of square miles of federal waters, and causing extensive damage to tourism and marine and wildlife habits.

Two years later in June of 2012, the RESTORE Act was put in place to establish a federal trust fund for Gulf Coast Restoration. RESTORE is an acronym for Resources and Ecosystems Sustainability, Tourist Opportunities, and Revived Economies.

Read Hendon, Director of Research and Development at the Center for Fisheries, says that 80% of all Clear Water Act Penalties go into the trust fund. Below you’ll find how the funds are divided, taken from the US Treasury website.

restore_act_graph-largeYou can hear News Mississippi’s exclusive interview with Read Hendon HERE:


Stay up to date with all of Mississippi’s latest news by signing up for our free newsletter here

Copyright 2024 SuperTalk Mississippi Media. All rights reserved.

Related posts

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More