RESTORE Act

Deepwater Horizon should make a deep impact

"Something that big should have been made by God." The new film Deepwater Horizon has a character deliver that dialogue from the cockpit of a helicopter en route to …

Alabama Legislature could turn BP settlement into roadkill

Rather than paying off money they've already spent, our politicians always seem to find one reason or another to spend on something else. Six years after the Deepwater …

Florida and the RESTORE Act: A progress report

INTRODUCTION Almost six years after the Deepwater Horizon oil spill, states along the Gulf Coast continue to deal with the spill's aftermath. In October 2015, BP and the U.S. …

Deepwater Horizon settlement money will go far in Texas

On April 20, 2010, an explosion on the Deepwater Horizon oil rig set off one of the largest oil spills in human history. For 78 days, an uncontrolled …

Texas setting positive example on RESTORE Act priorities

AUSTIN, Texas (March 10, 2016) – As the sixth anniversary of the Deepwater Horizon oil spill approaches, Texas should serve as a model for taking measures to ensure …

Texas and the RESTORE Act: A progress report

As we approach the sixth anniversary of the Deepwater Horizon oil spill, which is coming up on April 20, states along the Gulf Coast continue to deal with …

No, you decide

It's been half a decade since the Deepwater Horizon oil rig, which had been drilling the BP-owned Macondo Prospect, suffered a catastrophic blowout. Over 87 days between April …

Gov. Bentley’s beach house blunders

The 2010 BP oil spill damaged plenty of things along Alabama's Gulf Coast. The governor's beach house wasn't one of them. But here we are, spending BP money to …

Comments to U.S. Justice Department on BP spill consent decree

On Monday, Oct. 5, 2015, the U.S. Department of Justice announced a final settlement with BP stemming from its role in the 2010 Deepwater Horizon/Macondo Well oil spill. …

Speak now or forever hold your peace on Deepwater Horizon oil spill

By now, it's no secret that many coastal residents aren't happy with the proposed settlement between BP, the federal government and the five Gulf Coast states. They have …

R Street urges fiscal responsibility in use of BP spill money

WASHINGTON (Oct. 6, 2015) – In light of today's announced $20.8 billion settlement between the federal government, Gulf Coast state governments and BP, the R Street Institute is …

R Street encourages using RESTORE funds for coastal planning and coordination

WASHINGTON (Oct. 1, 2015) – The R Street Institute filed comments this week in Texas, Alabama and Florida on the Funded Priorities List (FPL) released by the Gulf Coast …

Neeley letter to GCERC on Texas Funded Priorities List

The R Street Institute is encouraged by the inclusion within the initial Funded Priorities List (FPL) released by the Gulf Coast Ecosystem Restoration Council (Council) of the six …

Camara letter to GCERC on Florida Funded Priorities List

The R Street Institute is encouraged by the proposed projects contained within Florida's initial Funded Priorities List (FPL) released by the Gulf Coast Ecosystem Restoration Council (council). Florida's coast …

Smith letter to GCERC on Alabama Funded Priorities List

The R Street Institute is encouraged by the eight Alabama-focused projects contained within the initial Funded Priorities List (FPL) released by the Gulf Coast Ecosystem Restoration Council (council). …

Seven questions for how states will use the BP oil spill money

Today, the federal government and the five Gulf Coast states have reached an $18.7 billion settlement agreement with BP plc for the 2010 Deepwater Horizon oil spill that …

R Street RESTORE Act Scorecard

State and local officials charged with selecting and funding projects under the RESTORE Act must carefully prioritize. Toward that end, the R Street Institute has created a scorecard …

RESTORE Act gives Alabama opportunity to lead on economy and environment

April marks five years since an explosion at the Deepwater Horizon sunk the mobile drilling rig and released millions of barrels of oil into the Gulf of Mexico. …

Restoring the Gulf Coast through local control

For many on the Gulf Coast, the Deepwater Horizon oil spill seems like it was yesterday. Many might be surprised that almost five years have gone by since …

Don’t ignore RESTORE

Depending on the outcome of ongoing litigation, Texas soon may find itself the recipient of a sizable windfall. But the state shouldn’t fall victim to the temptation to …

Before the Flood: Reducing Louisiana’s vulnerability to severe weather through market-based insurance reforms

This paper will examine Louisiana's vulnerability to severe weather and suggest market-based reforms to adapt to extreme inherent risks, which could be exacerbated by a changing climate. It is …

Free-market reforms could save Louisiana from catastrophe, Pelican Institute paper finds

BATON ROUGE, La. (Feb. 5, 2015) – Louisiana's unique coastal vulnerabilities will require the state to pursue sensible free-market reforms to its insurance markets and built environment to …

$7 billion just disappeared on the Gulf Coast

Right now, a federal court in Louisiana is wrapping up the penalty phase of the trial against BP to determine the oil company's negligence under the federal Clean …

R Street commends Gov. Scott for pursuing sensible Gulf restoration projects

TALLAHASSEE, Fla. (Nov. 20, 2014) – The set of projects proposed by Gov. Rick Scott under the federal RESTORE Act should be commended as a sensible approach to …

Gulf Coast spill money is starting to flow

On Monday, the National Fish and Wildlife Foundation announced a second round of grants from its Gulf Environmental Benefit Fund. The fund – established as part of the …

Transparency crucial with RESTORE money

Florida's 23 Gulf Coast counties are about to enjoy a windfall, as the U.S. Treasury Department recently finalized rules allowing states impacted by the 2010 Deepwater Horizon oil …

To save Louisiana’s coast, protect our Restore Act funds

Louisianans received good news this month, in the form of an announcement from the U.S. Department of Treasury that BP Deepwater Horizon oil spill fines will begin flowing …

RESTORE Act committee should get back to work

The committee established by Monroe County to recommend how to spend nearly $1.2 million in BP Oil Spill money has an unprecedented and unique opportunity. (RE: "Back to …

Slowing the rise of the oceans

From Al Gore to the leadership of groups like the Union of Concerned Scientists, environmentalists long have warned that global disaster is certain unless we do something about …

What Mississippi can learn from Louisiana

Good planning efforts can ensure that the coming financial windfall is not wasted. One month into the 2014 hurricane season, Gulf Coast residents, businesses and governments once again have …

Address flood insurance and the environment with RESTORE Act funding

Many Alabamians may find it hard to believe that July 15 of this year marked four years since the Deepwater Horizon Oil Spill was capped in the Gulf …

Florida’s RESTORE Act funding decisions requires transparency

The following op-ed was co-authored by Jay Liles, policy consultant for the Florida Wildlife Federation. Later this month, Florida and the rest of the Gulf Coast will mark the …

Treasury regs and Louisiana’s coast

Yesterday saw two significant bits of news come out of the Louisiana Gulf Coast. First, oil company BP announced that, almost four years after the Deepwater Horizon oil …

Deepwater Horizon restoration funding must be transparent and avoid cronyism

Next month will mark four years since the Deepwater Horizon oil rig exploded fifty miles off the Louisiana coast, killing eleven men and spilling over four million barrels …

Budget gimmickry on the Bayou

Sometimes a trust fund isn't a trust fund and sometimes an appropriation isn't an appropriation. The Public Affairs Research Council of Louisiana has done some important work over the …

Free-market groups call on Gulf Coast governors to use RESTORE Act wisely

WASHINGTON (Jan. 30, 2014) -- Governors of the five Gulf Coast states – all Republicans – have a unique opportunity to ensure the windfalls those states are set …

Letter to Gulf Coast governors on RESTORE Act

Jan. 30, 2014 Dear Govs. Perry, Jindal, Bryant, Bentley, and Scott - As you know, Congress passed the Resources and Ecosystems Sustainability, Tourism Opportunities and Revived Economy Act, better known …

Rothschild on how Florida should use RESTORE Act funds

Florida lawmakers should ensure the windfall that will soon come to the state's counties under the federal RESTORE Act are used as intended for environmental and economic reparations …

The case for treating windfalls like bonds

Windfalls are, by definition, irregular occurrences that disrupt state and local governments' regular flow of finance. And because each windfall is, at least to some degree, sui generis, …

Saving the bayou

Morgan City, La. — Last Friday, the Fifth Circuit Court of Appeals reined in BP's efforts to curb payouts for what the oil company called "absurd" and "fictitious" claims …

How to spend oil spill fines wisely

A federal judge in New Orleans will soon decide how much oil company BP has to pay in Clean Water Act fines for its role in the 2010 …

RESTORE Act is key to flood insurance affordability

The following was co-authored by R Street Senior Fellow R.J. Lehmann. The Biggert-Waters Flood Insurance Reform Act, passed as part of 2012's transportation bill, is an important step forward …

Jackson must seize opportunity to invest in restoring the Gulf

A federal judge in New Orleans will soon rule on how much oil company BP must pay in Clean Water Act fines for its role in the 2010 …

Rothschild talks RESTORE Act on New Orleans’ WWL

R Street State Projects Director and Senior Fellow Daniel M. Rothschild joined host Garland Robinette on New Orleans WWL Radio, AM 870/FM 105.3, to discuss how Louisiana will …

Alabama’s coast needs wise RESTORE Act investments

Early next year, a federal judge will decide how large a fine BP must pay for its role in the 2010 Deepwater Horizon oil spill. No matter what …

Letters to the Tampa Tribune: Great promise

Regarding your editorial "Coming to the aid of the Gulf of Mexico" (Our Views, Dec. 5), you are absolutely correct that the RESTORE Act presents an exceptional opportunity …

A new red state slush fund?

The Gulf Coast states — Florida, Alabama, Mississippi, Louisiana, and Texas — are all governed by Republican governors and have Republican majorities in both legislative chambers. With the …

Taxpayers still face storm threats

Last Saturday, the 2013 Atlantic hurricane season came to a close, not with a bang but with a whimper. While in the Philippines, Typhoon Haiyan was responsible for …

The oil spill windfall: A test for Republicans

A federal court in Louisiana will decide in the next few months how much oil company BP must pay in Clean Water Act penalties as a result of …

Restoring the RESTORE Act’s conservative principles

The 2010 Gulf Coast oil spill was the largest offshore oil spill in American history. For 87 days, the Macondo prospect gushed oil into the Gulf of Mexico …

Joint R Street-Pelican Institute report calls for careful oversight of RESTORE ACT

NEW ORLEANS (Nov. 19, 2013) – Nearly four years after the Deepwater Horizon oil spill, it is crucial that conservatives engage as local authorities implement federal law passed …

JMI and the R Street Institute recommend ten reforms to fix Florida’s property insurance marketplace without raising rates

TALLAHASSEE, Fla. (Nov. 7, 2013) – On the heels of certain reforms in Florida's 2013 Legislative Session, the James Madison Institute and the R Street Institute today released …

Ten reforms to fix Florida’s property insurance marketplace — without raising rates

Florida's property insurance system remains broken and need of significant changes. Past studies from the James Madison Institute have demonstrated the challenges that Florida's unstable property insurance market …

Restore Gulf treasure

Regarding "Maintaining a healthy Gulf Coast is key to local economy" (Page B7, Wednesday), Sinclair Oubre is absolutely correct when he argues that the RESTORE Act presents an …

The right needs to take the reins in Gulf Coast restoration – before the left does

It has now been more than three years since the Deepwater Horizon oil rig exploded 50 miles off the Louisiana coast, killing eleven men and spilling millions of …

Comments to Federal Insurance Office on natural catastrophes

June 21, 2013 Director McRaith, The R Street Institute welcomes the opportunity to comment on the Federal Insurance Office’s study of natural catastrophes and insurance. R Street is a non-partisan, …

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