Major Step Forward for Gulf Coast Restoration
Today Congress took a major step in our efforts to restore the Gulf Coast and support the important communities that rely on it everyday. Earlier today, Congress enacted the Resources and Ecosystems Sustainability, Tourist Opportunities and Revived Economies of the Gulf Coast States Act (RESTORE Act).
This Administration recognizes that a strong and vibrant ecosystem is the key to the Gulf’s future - that's why the President established the Gulf Coast Ecosystem Restoration Task Force in 2010. As Chair of the Gulf Coast Ecosystem Restoration Task Force and a New Orleans native, I can tell you that a healthy ecosystem is vital to the economy and the way of life for the Gulf Coast. There’s a lot at stake in this region: the economies of the five Gulf States supported more than 19 million jobs and nearly $2.5 trillion of the U.S. GDP in 2008. In addition, millions of people visit the Gulf Coast each year – to vacation, to sail, to swim, to fish, and to enjoy this great waterbody. In 2008, national and international tourists spent about $145 billion in the 5 coastal states and around 1.7 million people were employed in travel and tourism.
During the oil spill, we essentially “lost” the Gulf for a period of time, and natural resources in the Gulf were extensively damaged. We lost the use of valuable fishing grounds, incredible recreational opportunities and all of the other benefits of a thriving, vibrant ecosystem. That loss helped show folks who aren't from the Gulf Coast just how important it is to our nation.
But our goal and commitment is not simply to address the damage caused by the spill - it is to ensure the long term improvement and restoration of the Gulf Coast and its unique ecosystems.