April, 20 2011, 12:20pm EDT
For Immediate Release
Contact:
David J. Ringer, National Audubon Society, 601.642.7058, dringer@audubon.org
Emily Guidry Schatzel, National Wildlife Federation, 225.253.9781, guidrye@nwf.org
Groups Tell Congress:Get Together and Get Gulf Restoration Done
On BP Oil Disaster Anniversary, Groups Tell Congress:Get Together and Get Gulf Restoration Done
BP fines should be used to restore Gulf environment and economy
(Port Sulphur, La.--Apr. 20, 2011) On the first anniversary of the BP oil well blowout, regional and national leaders urged Congress to hold BP accountable by passing legislation to dedicate BP's Clean Water Act (CWA) fines to restoring the Gulf's damaged environment and economy.
WASHINGTON
On BP Oil Disaster Anniversary, Groups Tell Congress:Get Together and Get Gulf Restoration Done
BP fines should be used to restore Gulf environment and economy
(Port Sulphur, La.--Apr. 20, 2011) On the first anniversary of the BP oil well blowout, regional and national leaders urged Congress to hold BP accountable by passing legislation to dedicate BP's Clean Water Act (CWA) fines to restoring the Gulf's damaged environment and economy.
Under current law, fines paid by BP and others responsible for the spill automatically will be deposited into the Federal Treasury, instead of being used to help restore the Gulf region.
U.S. Senators Mary Landrieu (D-La.) and David Vitter (R-La.), Sen. Bill Nelson (D-Fla.), U.S. Rep. Steve Scalise (R-La.) and U.S. Rep. Kathy Castor (D-Fla.) have introduced four separate bills that would dedicate 80 percent of Clean Water Act fines to restore the Gulf Coast's environment and economy.
"These members of Congress deserve credit for recognizing that BP's fines for the oil spill should be invested in restoring the Gulf, where the damage was done, not in the Federal Treasury," said Larry Schweiger, president and CEO of the National Wildlife Federation. "The environment and economy of the Gulf region rely on each other to be strong and vibrant. We're calling on leaders in Congress, particularly from the Gulf region, to get together and get restoration done for the Gulf."
The anniversary event featured a boat tour to show oil spill damage in Barataria Bay and Bay Jimmy and aerial tours of Wax Lake Delta, which shows that rebuilding wetlands is possible. The Wax Lake Delta is the unexpected creation of a 1941 flood control project in which the Army Corps of Engineers dug a canal to Atchafalaya Bay from the Atchafalaya River. As a result, the Atchafalaya River sediment built 25 square miles of new land in the Wax Lake Outlet.
"The Gulf is injured certainly, and will be for some time, but it is not without the possibility of recovery in the long term" said Chris Canfield, vice president of Gulf Coast Conservation and the Mississippi Flyway for the National Audubon Society. "If we can marshal the energy of fear and concern we all felt a year ago and turn it into resolve - into a Congressional mandate for Gulf restoration - we can do wonders."
Nearly nine out of 10 poll respondents (87%) across the five Gulf states agree that the environmental health of the Gulf Coast region affects their state's economy very much or somewhat. (Lake Research Partners and Bellwether Research and Consulting)
"Without a strong and shared vision by our regional congressional delegations to dedicate fines to the Gulf Coast states, fine monies will wash away into the Federal Treasury," said Anne Milling, founder of Women of the Storm. said Anne Milling, founder of Women of the Storm. "We thank Representatives Scalise and Castor and Senators Landrieu, Vitter and Nelson for their bipartisan unity on this crucial issue, and we encourage other members of Congress to follow their example."
Environmental degradation has caused tremendous damage to the Gulf ecosystems in recent decades. The region has lost nearly 50 percent of its wetlands, 60 percent of its sea grass beds, 50 percent of its oyster reefs, and more than 32 percent of its mangrove forests. (The Nature Conservancy)
"Given our huge budget deficit, Clean Water Act fines are the most viable, short-term funding mechanism for the long-term restoration of the Gulf Coast that President Obama promised ten months ago 'to restore the unique beauty and bounty of this region'," said Paul Harrison, senior director of Mississippi River Delta Restoration Project for Environmental Defense Fund. "Congress must hold BP accountable for the environmental and economic damage it caused from the worst oil spill in U.S. history by dedicating the Clean Water Act fines to Gulf Coast restoration and ensuring BP pays the bill for the Natural Resources Damage Assessment."
- This BP oil disaster could cost the Gulf region's tourism industry alone $23 billion in lost revenues, according to a study by Oxford Economics.
- The Gulf region is a vital part of the nation's economy, and critical Gulf industries rely on environmental restoration:
- The Gulf currently supports a $34 billion per year tourism industry, and its fisheries support an estimated $22.6 billion dollars in seafood and commercial and recreational fishing-related activity. (Oxfam America/Center for American Progress)
- The Gulf produces roughly 40 percent of all the seafood in the lower 48 states.(National Marine Fisheries Service)
Now in its second century, Audubon connects people with birds, nature and the environment that supports us all. Our national network of community-based nature centers, chapters, scientific, education, and advocacy programs engages millions of people from all walks of life in conservation action to protect and restore the natural world.
LATEST NEWS
'The Billionaire Bailout': FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion
"The bailout really did protect billionaires from taking a modest haircut," one observer wrote in response to the FDIC chief.
Mar 28, 2023
In prepared testimony for a Senate Banking Committee hearing slated for Tuesday morning, the chair of the Federal Deposit Insurance Corporation reveals that the 10 largest deposit accounts at Silicon Valley Bank held a combined $13.3 billion, a detail that's likely to intensify criticism of federal regulators' intervention in the firm's recent collapse.
When SVB was spiraling earlier this month, the FDIC, Treasury Department, and Federal Reserve rushed in to backstop the financial system and make all depositors at the California bank whole, including those with accounts over $250,000—the total amount typically covered by FDIC insurance.
"At SVB, the depositors protected by the guarantee of uninsured depositors included not only small and mid-size business customers but also customers with very large account balances," FDIC chief Martin Gruenberg writes in his prepared testimony. "The ten largest deposit accounts at SVB held $13.3 billion, in the aggregate."
Gruenberg goes on to estimate that the FDIC's $125 billion Deposit Insurance Fund (DIF)—which is financed primarily by assessments on insured banks and "backed by the full faith and credit of the United States government"—took a $20 billion hit as a result of the SVB intervention.
According to Gruenberg, nearly 90%—$18 billion—of the DIF loss stemming from SVB is "attributable to the cost of covering uninsured deposits." He added that the DIF absorbed a roughly $1.6 billion cost to cover uninsured deposits at Signature Bank, which failed shortly after SVB.
The FDIC chair's testimony comes as federal regulators continue to face scrutiny for glaring oversight failures in the lead-up to the collapse and backlash over the emergency response, which many have characterized as a bailout for the wealthy and well-connected given SVB's role as a major lender to venture capital and tech startups.
Billionaire Peter Thiel, whose firm was accused of helping spark a bank run by advising clients to pull their money from SVB, told the Financial Times that he had $50 million in a personal account at the bank when it failed earlier this month.
"The bailout really did protect billionaires from taking a modest haircut," Matt Stoller of the American Economic Liberties Project tweeted in response to Gruenberg's testimony.
Writing for The American Prospect on Monday, Revolving Door Project researcher Dylan Gyauch-Lewis called the federal government's swift action in the wake of SVB's failure "a good illustration of the enormous class bias in American policymaking."
"As soon as corporations and the wealthy run into trouble, elites trip over themselves, discarding both law and precedent, to rescue them," Gyauch-Lewis wrote, noting that federal regulators had to classify SVB's collapse as a "systemic risk" to the financial system—a disputed characterization—in order to legally guarantee deposits over $250,000.
For contrast, Gyauch-Lewis added, "consider student loan forgiveness. The legal justification is clear as day, and the authority itself is used regularly. According to the Higher Education Relief Opportunities for Students Act of 2003, the Education Department can forgive student loans as it sees fit in a national emergency."
"At bottom, the core reason SVB's depositors got bailed out had little to do with morals or even financial risk," Gyauch-Lewis argued. "It happened because they had rich and powerful friends with the ear of the president's chief of staff. Broke students don't. The students have to organize and campaign for decades to get something far worse than what they wanted, and for that to hang in the balance at the Supreme Court. The SVB depositors just had to whine on Twitter and make a few calls."
Keep ReadingShow Less
Tlaib Leads Call for $1.2 Billion in Humanitarian Aid for War-Torn Yemen
"Without a significant increase in American assistance... we fear that 2023 will be a heartbreakingly deadly year for everyday Yemenis," Tlaib and 23 other House Democrats wrote.
Mar 27, 2023
U.S. Rep. Rashida Tlaib on Monday led two dozen House Democrats in urging Congress to allocate at least $1.2 billion in humanitarian aid for Yemen—whose people have suffered eight years of U.S.-backed Saudi war—in next year's budget.
"As we approach the 8th anniversary of the Yemen war, the country remains stuck in a devastating cycle of conflict and humanitarian crisis that has claimed hundreds of thousands of lives," Tlaib (D-Mich.) and 23 other lawmakers wrote in a letter to House Subcommittee on State and Foreign Relations Chair Mario Díaz-Balart (R-Fla.) and Ranking Member Barbara Lee (D-Calif.).
"Yemen has the grim title of the world's worst humanitarian crisis, with over 4 million Yemenis displaced and an estimated 80% of the country's 30 million people reliant upon some form of assistance for their survival," the letter, which was first sent last week, asserts.
The letter's authors lament that "international appeals for assistance for Yemen have consistently [fallen] short of their goals by large margins" and that "the continuous reduction in funding has greatly exacerbated the humanitarian suffering."
The United Nations "has had to close over 75% of its lifesaving programs, and the World Food Program has been forced to cut or reduce food distribution to 8 million people, increasing the number of areas at risk of famine," the letter notes.
"Without a significant increase in American assistance (which we believe would incentivize foreign nations to increase their support in turn), we fear that 2023 will be a heartbreakingly deadly year for everyday Yemenis," the signers assert.
The lawmakers urge Congress to include at least $1.2 billion "for humanitarian relief and reconstruction efforts in Yemen" in the budget for fiscal year 2024. They also ask the State Department and the United States Agency for International Development "to develop programming that directly invests in sustainably developing long-term economic opportunities for Yemenis."
Tlaib is one of four dozen bipartisan House lawmakers who last June introduced a War Powers Resolution to end "unauthorized" United States military involvement in the Saudi-led intervention in Yemen's civil war.
Sen. Bernie Sanders (I-Vt.), along with Sens. Patrick Leahy (D-Vt.) and Elizabeth Warren (D-Mass.), introduced a similar measure in the Senate. Last December, Sanders withdrew the resolution just before it was slated for a floor vote, while vowing to work with the Biden administration on ending U.S. involvement in the war.
Keep ReadingShow Less
'Aren't You Guys Tired of Covering This?' Illinois Mass Shooting Survivor Speaks Out in Nashville
"How is this still happening? Why are our children still dying and why are we failing them?"
Mar 27, 2023
A gun control activist who survived last year's massacre at an Illinois July 4th parade spoke out at a police press conference on Monday's mass shooting at a Nashville elementary school to make an impassioned plea for gun control legislation.
"Aren't you guys tired of covering this? Aren't you guys tired of being here and having to cover all these mass shootings?" asked Ashbey Beasley. "I'm from Highland Park, Illinois. My son and I survived a mass shooting over the summer. I am in Tennessee on a family vacation with my son visiting my sister-in-law."
Beasley's comments came as TV news crews were wrapping up coverage of a Metro Nashville Police press conference after authorities announced the murder of six people—three staff members and three 9-year-old children—at the Covenant School by a 28-year-old former student armed with two semi-automatic rifles and a handgun.
"I have been lobbying in D.C. since we survived a mass shooting in July," Beasley continued. "I have met with over 130 lawmakers. How is this still happening? Why are our children still dying and why are we failing them?"
"We have to do something. We all have to call our lawmakers and we all have to make our lawmakers make change now," she added. "Or this is gonna keep happening and it's gonna be your kid, and your kid, and your kid, and your kid next."
In a separate interview on CNN, Beasley said that "this is just unacceptable. It's only in America can somebody survive a mass shooting and then go on vacation to visit another person they met through fighting for gun safety and find themselves near another mass shooting."
"Only in America does this happen where we keep seeing this again and again and again," she added, calling for stricter background checks on gun buyers and a ban on assault-style semi-automatic weapons.
Common Dreamsrecently reported on Jackie Matthews, a student during both the 2012 Sandy Hook Elementary School massacre in Newtown, Connecticut and the February Michigan State shooting.
Keep ReadingShow Less
Most Popular
SUPPORT OUR WORK.
We are independent, non-profit, advertising-free and 100%
reader supported.
reader supported.