$215M in BP oil spill money to restore Louisiana marshes - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
September 30, 2020 Newswires
Share
Share
Post
Email

$215M in BP oil spill money to restore Louisiana marshes

Associated Press

BATON ROUGE, La. (AP) — Louisiana will get nearly $215 million in BP oil spill money for two projects planned to restore more than 4,600 acres of marsh and other habitat in the New Orleans area, Gov. John Bel Edwards said.

Work should begin next year on the projects, Edwards said in a news release Tuesday. The money is from BP’s $8.8 billion settlement for natural resources damage caused by the blowout that killed 11 men and spewed more than 100 million gallons (380 million liters) of oil into the Gulf of Mexico in 2010, leaving long-lasting effects.

Both are part of larger restoration plans, the group overseeing Louisiana's share of that settlement noted.

Each project will set a record, said Chip Kline, president of Louisiana’s Coastal Protection and Restoration Authority.

He said the Lake Borgne project near Shell Beach in St. Bernard Parish will create more than 2,800 acres (1,100 hectares) of marsh, making it the largest area ever bid by the agency. The Louisiana Trustee Implementation Group approved $114.7 million for the project.

“This project will have immediate benefits to habitat for fish and birds by reinforcing the degrading southwestern shoreline of Lake Borgne and Lena Lagoon,” St. Bernard Parish President Guy McInnis said. “And we need all the natural marsh buffer we can build to lessen the damaging effects of tidal action and storm surge.”

The $100.3 million Spanish Pass project, near Venice in Plaquemines Parish, will use an estimated 16 million cubic yards (12 million cubic meters) of dredged material to create about 132 acres (53 hectares) of ridge and 1,700 acres (688 hectares) of marsh. That will be the authority's largest dredging volume so far, Kline said.

“The Mississippi River created our parish and the many historic ridges of our landscape,” said Plaquemines Parish President Kirk Lepine. “These features protect against storm surge, reduce saltwater intrusion, provide key habitats and also help retain sediment. The marsh west of Venice has been in need of this level of attention for some time, and I know the people and businesses near Venice will appreciate this massive project and this tremendous investment.”

The Oil Pollution Act settlement was part of a 2016 agreement totaling more than $20 billion. It was based partly on the judge’s estimate that the 87-day Deepwater Horizon spill spewed nearly 134 million gallons (507 million liters) of crude into the Gulf — enough to fill the U.S. Capitol rotunda 13 times.

Federal experts estimated the total at more than 176 million gallons (666 million liters), while BP estimated 102 million gallons (386 million liters).

Edwards said the latest projects make up the fifth major restoration plan approved this year by trustees for Louisiana's share of the $8.8 billion.

Older

AP FACT CHECK: False Claims Flood Trump-Biden Debate

Newer

Bitter Debate Taunts Overpower Trump’s, Biden’s Visions

Advisor News

  • Study asks: How do different generations approach retirement?
  • LTC: A critical component of retirement planning
  • Middle-class households face worsening cost pressures
  • Metlife study finds less than half of US workforce holistically healthy
  • Invigorating client relationships with AI coaching
More Advisor News

Annuity News

  • Jackson Financial ramps up reinsurance strategy to grow annuity sales
  • Insurer to cut dozens of jobs after making splashy CT relocation
  • AM Best Comments on Credit Ratings of Teachers Insurance and Annuity Association of America Following Agreement to Acquire Schroders, plc.
  • Crypto meets annuities: what to know about bitcoin-linked FIAs
  • Trademark Application for “EMPOWER MY WEALTH” Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
More Annuity News

Health/Employee Benefits News

  • New Hampshire Built Its Health Insurance Stability Before the Storm And That Choice Paid Off – Roger Sevigny
  • The new frontier in obesity care for seniors
  • 30 DAYS, $1.8 MILLION AND ZERO BILLS PASSED: KDP STATEMENT ON WASTEFUL GOP-LED GENERAL ASSEMBLY
  • New Vaccines Findings from University of California Riverside Outlined (Emergency Department Survey of Vaccination Knowledge, Vaccination Coverage, and Willingness To Receive Vaccines In an Emergency Department Among Underserved Populations – …): Immunization – Vaccines
  • Researchers at George Washington University School of Medicine and Health Sciences Target Artificial Intelligence (Health Insurance Portability and Accountability Act Liability in the Age of Generative Artificial Intelligence): Artificial Intelligence
More Health/Employee Benefits News

Life Insurance News

  • International life insurer to lay off over 100 in Hartford office
  • Puritan Life SVP Dierdre Woodruff named Life Insurers Council board chair
  • National Life Group Selects FINEOS AdminSuite to Transform Living Benefit and Life Insurance Claims Operations
  • Securian Financial Promotes Kent Peterson to Senior Vice President for Institutional Retirement Solutions
  • Lincoln Financial Announces Launch of Lincoln WealthProtector℠ IUL, Strengthening Its Elite IUL Portfolio With a New Protection‑Focused Solution
Sponsor
More Life Insurance News

- Presented By -

Top Read Stories

More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Elevate Your Practice with Pacific Life
Taking your business to the next level is easier when you have experienced support.

LIMRA’s Distribution and Marketing Conference
Attend the premier event for industry sales and marketing professionals

Get up to 1,000 turning 65 leads
Access your leads, plus engagement results most agents don’t see.

What if Your FIA Cap Didn’t Reset?
CapLock™ removes annual cap resets for clearer planning and fewer surprises.

Press Releases

  • Hexure Launches First Fully Digital NIGO Resubmission Workflow to Accelerate Time to Issue
  • RFP #T25221
  • LIDP Named Top Digital-First Insurance Solution 2026 by Insurance CIO Outlook
  • Finseca & IAQFP Announce Unification to Strengthen Financial Planning
  • Prosperity Life Group Appoints Nick Volpe as Chief Technology Officer
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet