Jul 02 2015

Shelby Statement on BP Settlement Announcement

WASHINGTON, DC – Thursday, July 02, 2015 – U.S. Senator Richard Shelby (R-Ala.) today released a statement following the announcement that the state of Alabama has reached an agreement in principle with BP on a $2.3 billion settlement for the damages from the 2010 Deep Water Horizon oil spill:

“More than five years ago, the Gulf Coast witnessed one of the most devastating environmental and economic disasters after an explosion on the Deepwater Horizon oil rig.  Following the spill, I worked with my colleagues in the Senate to pass the RESTORE Act, which gives unprecedented flexibility to coastal communities directly affected by the oil spill.  Today’s announcement represents a long-awaited, positive step forward for the state of Alabama, and I will closely monitor the settlement to ensure that the fines assessed against BP are controlled directly by the communities impacted as outlined in the RESTORE Act.”

Senator Shelby co-authored the RESTORE Act with former Senator Mary Landrieu (D-La.).  Absent the RESTORE Act, Clean Water Act fines resulting from the oil spill would have been directed to the U.S. Treasury, not to the local communities impacted.  President Obama signed the bill into law on Friday, July 6, 2012.