The DOJ announced that the Trustees in the BP Deepwater Horizon NRDA case have proposed to accept the settlement in principle with BP. The numbers appear to be pretty much the same as previously announced, with additional payments of $500 million for unanticipated restoration (in addition to the $232 million originally announced), $350 million for NRDA costs, and $250 for response costs, lost royalties, and a False Claims Act investigation (see this consent decree document).
The Trustees also released the Programmatic Damage Assessment and Restoration Plan (PDARP) and Programmatic Environmental Impact Statement (PEIS). Environmental economists will be especially interested in Section 4-10 (especially the footnote on the data–more on that if I can find the time).
This work is not a product of the United States Government or the United States Environmental Protection Agency, and the author is not doing this work in any governmental capacity. The views expressed are those of the author only and do not necessarily represent those of the United States or the US EPA.
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