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NAS receives $350 million endowment from BP settlement with the federal government
Date:11/15/2012

ed "remedial order payments") by the company. These payments, to be made to a fund administered by the NAS, will total $350 million over a five-year period.

The NAS program will be conducted based on scientific merit and integrity with emphasis on freedom of inquiry and independent, nonpartisan advice and recommendations. Among its activities, the program will fund projects in the public interest not otherwise supported by private industry. BP will have no involvement in any decisions related to the NAS program.

On April 20, 2010, 11 people lost their lives in the Deepwater Horizon disaster. Additional human and environmental consequences followed, some continuing to this day. Our institutions and in particular, our committees of volunteer experts have already contributed to the knowledge base about the accident and its aftermath.

In two studies, NAE and the National Research Council performed a detailed analysis of the Deepwater Horizon accident, examined ways to prevent rig blowouts (2010), and recommended steps that could be taken to enhance safety in offshore drilling (2011). The National Research Council also examined ecosystem services valuation for the Gulf of Mexico and the effectiveness of offshore safety and environmental management systems (both 2012). And IOM conducted a rapid-response workshop in 2010 with public health officials from the Gulf states on methods to assess the effects of the oil spill on human health.

Building on this existing work and remaining mindful of the tragic loss of life and other human and environmental consequences of the Deepwater Horizon disaster, we will begin by developing a careful plan to guide the work of this long-term program.


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Contact: Molly Galvin
news@nas.edu
202-334-2138
National Academy of Sciences
Source:Eurekalert

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