As we learned with the Valdez oil spill in Alaska in 1989, the Deepwater Horizon oil spill will have both short- and long-term consequences. The spill will have its most direct effects on the Louisiana coastline and its fragile ecosystems. It will impact the livelihoods of fishermen and their families, as well those who depend on the fishing and tourism industries. The environmental effects will linger for many years.
The fund will make emergency grants to nonprofit organizations helping the victims of the oil spill and address the long-term effects of the disaster.
The fund will help address the long-term economic, environmental, cultural effects of the disaster, and strengthen coastal communities against future environmental catastrophes by investing in solutions.