BP says that it will donate the net revenue it receives from the sale of oil recovered from the MC252 spill to the National Fish and Wildlife Foundation (NFWF).

NFWF, whose mission is to preserve and restore America's native wildlife species and habitats, will direct this money to projects that bring the greatest benefit to the wildlife of the affected Gulf Coast States. BP will provide $5 million to NFWF immediately, to ensure that their work can begin even as initial oil collections from the Discoverer Enterprise enter the refining process. On June 8 BP pledged to create a new wildlife fund and contribute all net revenue from the MC252 well into the fund to support efforts to create, restore, improve and protect wildlife and wildlife habitat along the coastline of Louisiana, Mississippi, Alabama, and Florida. This funding is over and above BP's obligations under the Oil Pollution Act of 1990.

"With its successful 25-year track record of identifying and funding solutions to America's toughest conservation challenges, the National Fish and Wildlife Foundation is a strong and responsible steward for this money from the wildlife fund," said Tony Hayward, BP's chief executive officer.

"NFWF is working very closely with U.S Fish & Wildlife Service (FWS), National Oceanic and Atmospheric Administration (NOAA), and United States Department of Agriculture (USDA), other federal and state agencies, and myriad conservation organizations to identify the immediate wildlife needs throughout the Gulf. With this funding, we will invest in projects that will have the greatest benefit to the species most at risk from the oil," said NFWF Executive Director Jeff Trandahl.

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