Sen. Mary Landrieu (D-La.) praised a proposal by Secretary of the Navy Ray Mabus that would dedicate a portion of fines imposed on BP from the oil spill to Gulf coast restoration.
Speaking at a national oil spill commission meeting today, Landrieu said it is essential to develop a long-term Gulf restoration plan and she said she agreed that money from the penalties on BP should go to Gulf states.
Landrieu has long argued for sharing revenue from offshore drilling with Gulf coast states. Since states take on the risks associated with drilling off their shores, they should benefit by receiving a percentage of the revenue from that drilling, she argues.
According to the Associated Press, Mabus’ proposal would change the Clean Water Act in order to divert money from spill penalties to Gulf restoration and Gulf states. As it stands now, money from the Clean Water Act penalties go to oil spill cleanup. The Obama administration is supportive of the proposal, the AP reported: “„A senior administration official, speaking on condition of anonymity because the announcement was not yet made, said the White House has already endorsed the proposal and President Barack Obama will ask Congress to dedicate “a significant amount” to the region’s recovery.