Post-Deepwater Restoration Plan Sketched Out For Gulf

Law360, New York (May 28, 2013, 6:04 PM EDT) -- Officials have outlined how they will implement congressionally mandated restoration projects in Gulf Coast states affected by the Deepwater Horizon oil spill, according to a Tuesday posting in the Federal Register, but haven't yet decided how to use $800 million in penalties Transocean Ltd. paid for its role in the disaster.

The Gulf Coast Ecosystem Restoration Council, a panel of Gulf state governors and federal regulators chaired by the Commerce Department, floated a draft plan for implementing environmental and economic restoration projects in Louisiana, Mississippi, Alabama,...
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