Study: Job growth if BP fines used for coast - FOX 8 WVUE New Orleans News, Weather, Sports, Social

Study: Job growth if BP fines used for coast

NEW ORLEANS (AP) - A study commissioned by two non-profit groups says thousands of jobs would be created along the Gulf Coast if money from BP oil spill penalties and other sources is dedicated to coastal restoration.

The report by the research firm Mather Economics comes as Gulf interests press Congress for passage of the Restore Act, which would take 80 percent of Clean Water Act penalties charged to parties responsible for the 2010 Gulf of Mexico oil spill and dedicate it to coastal restoration. The fines could run anywhere from $5.4 billion to $21.1 billion.

The study estimates that spending $1.5 billion per year over the first 10 years of coastal projects would create more than 57,000 jobs.

The economic development group GNO Inc. and the Walton Family Foundation commissioned the study.

 

(Copyright 2012 by The Associated Press. All Rights Reserved.)

  • Local NewsMore>>

  • Voter registration week set for August 21-25

    Voter registration week set for August 21-25

    (Source: Raycom)(Source: Raycom)

    Louisiana is urging all eligible citizens to register to vote. Voter registration week kicks off on Monday, August 21. 

    more>>

    Louisiana is urging all eligible citizens to register to vote. Voter registration week kicks off on Monday, August 21. 

    more>>
  • Payton calls Saints performance against the Chargers on Friday 'crisp'

    Payton calls Saints performance against the Chargers on Friday 'crisp'

    Michael Thomas shined in Friday's workout with the Chargers. Nola.comMichael Thomas shined in Friday's workout with the Chargers. Nola.com
    Today's work was much lighter between the Saints and Chargers was much lighter. They wore no pads only shells and helmets, and they only practiced two hours instead of two and a half like Thursday. While they certainly weren't perfect, overall the Saints had much better execution today than Thursday.  "I thought overall it was a little bit crisper today than yesterday. I just thought from an assignment standpoint we had a few too many yesterday on tape watching team p...more>>
    Today's work was much lighter between the Saints and Chargers was much lighter. They wore no pads only shells and helmets, and they only practiced two hours instead of two and a half like Thursday. While they certainly weren't perfect, overall the Saints had much better execution today than Thursday.  "I thought overall it was a little bit crisper today than yesterday. I just thought from an assignment standpoint we had a few too many yesterday on tape watching team p...more>>
  • Instant analysis of Saints-Chargers workouts day two

    Instant analysis of Saints-Chargers workouts day two

    Drew Brees should see his first action of the preseason Sunday against the Chargers. Source: Nola.comDrew Brees should see his first action of the preseason Sunday against the Chargers. Source: Nola.com
    The Saints and Chargers wrapped up two days of workouts in Costa Mesa this afternoon. Saturday the Saints will have a walk through, and Sunday they face the Chargers in their second preseason game. Here's the highlights of workout #2. Don't see Saints' Fleener, Harbor, Dural, Lampman, Allen, Anthony, Calhoun, Breaux (obviously). — Herbie Teope (@HerbieTeope) August 18, 2017   Michael Thomas great catch in traffic for TD during 7 on 7 — Sean FazendeFOX8 (@Sean...more>>
    The Saints and Chargers wrapped up two days of workouts in Costa Mesa this afternoon. Saturday the Saints will have a walk through, and Sunday they face the Chargers in their second preseason game. Here's the highlights of workout #2. Don't see Saints' Fleener, Harbor, Dural, Lampman, Allen, Anthony, Calhoun, Breaux (obviously). — Herbie Teope (@HerbieTeope) August 18, 2017   Michael Thomas great catch in traffic for TD during 7 on 7 — Sean FazendeFOX8 (@Sean...more>>
Powered by Frankly