BP Announces New Gulf Coast Resotoration OrganizationBP today provided further details about the previously-announced new organization that will manage the company's long-term response to the Deepwater Horizon incident and the MC252 oil and gas spill. Effective immediately, Bob Dudley has been appointed President and Chief Executive Officer of BP's Gulf Coast Restoration Organization. Mr. Dudley will report to Tony Hayward, BP's Group Chief Executive.
The new organization will manage all aspects of the response to the Deepwater Horizon incident and the oil and gas spill in the Gulf of Mexico, ensuring that BP fulfils its promises to the people of the Gulf Coast and continues its work to restore the region's environment. BP's decision to establish this new organization in no way limits the resources that are available to meet the company's commitments to clean up the spill and restore the Gulf Coast. BP's Exploration and Production Segment will remain accountable for all activities relating to killing the MC252 exploratory well and containing the flow of oil and gas into the Gulf of Mexico.
Specifically, the newly-formed Gulf Coast Restoration Organization will:
- continue executing clean-up operations and all associated remediation activities;
- coordinate with government officials, including with the National Incident Commander, Admiral Thad Allen, and the governors and local officials in the Gulf States, to meet BP's commitments as effectively and efficiently as possible;
- keep the public informed of BP's clean-up and remediation activities;
- implement the $20 billion escrow account that BP announced as evidence of its commitment to compensate those individuals, businesses, and others who have been impacted by the spill; and
- continue to evaluate the spill's impact on the environment.
"The response to the incident in the Gulf of Mexico continues to be BP's highest priority," said Mr. Hayward. "Our commitment to the Gulf States is for the long-term. And that requires a more permanent sustainable organization to see it through." On his selection of Mr. Dudley to lead the new organization, Mr. Hayward commented, "having grown up in Mississippi, Bob has a deep appreciation and affinity for the Gulf Coast, and believes deeply in BP's commitment to restore the region."
"I look forward to engaging immediately with the Unified Command and with stakeholders across the region," said Mr. Dudley. "In the near term, my focus will be on listening to stakeholders, so we can address concerns and remove obstacles that get in the way of our effectiveness. And we'll build an organization that over the longer term fulfils BP's commitments to the restore the livelihoods and the environment of the Gulf Coast."
RELATED Release from June 22
BP To Donate Net Revenue From MC252 Well Leak To National Fish and Wildlife Foundation
Today BP announced that it will donate the net revenue it receives from the sale of oil recovered from the MC252 spill to the National Fish and Wildlife Foundation (NFWF).
NFWF, whose mission is to preserve and restore America's native wildlife species and habitats, will direct this money to projects that bring the greatest benefit to the wildlife of the affected Gulf Coast States. BP will provide $5 million to NFWF immediately, to ensure that their work can begin even as initial oil collections from the Discoverer Enterprise enter the refining process.
On June 8 BP pledged to create a new wildlife fund and contribute all net revenue from the MC252 well into the fund to support efforts to create, restore, improve and protect wildlife and wildlife habitat along the coastline of Louisiana, Mississippi, Alabama, and Florida. This funding is over and above BP's obligations under the Oil Pollution Act of 1990.
"With its successful 25-year track record of identifying and funding solutions to America's toughest conservation challenges, the National Fish and Wildlife Foundation is a strong and responsible steward for this money from the wildlife fund," said Tony Hayward, BP's chief executive officer.
"NFWF is working very closely with U.S Fish & Wildlife Service (FWS), National Oceanic and Atmospheric Administration (NOAA), and United States Department of Agriculture (USDA), other federal and state agencies, and myriad conservation organizations to identify the immediate wildlife needs throughout the Gulf. With this funding, we will invest in projects that will have the greatest benefit to the species most at risk from the oil," said NFWF Executive Director Jeff Trandahl.
Posted: June 23, 2010
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