The Exxon Valdez Oil Spill Trustee Council will for the first time in its 27-year history publicly consider a proposal to transition to a court-appointed private non-profit foundation or trust.
While the trustee council itself does not have authority to make the transition, the state of Alaska and federal government do, and the perspective of the six council agencies will weigh significantly in any final decision.
The EVOS council is to take up the matter today, October 17, at its board meeting in Anchorage, Alaska, which is scheduled to run until 3:30 p.m. Alaska time. To listen in call 1-800-315-6338 and use access code 72241.
As of Oct. 1, the restoration fund managed by the council had roughly $198 million left, with some $153 million in unencumbered funds available.
The issue of long-term management of the restoration funds has been under discussion privately for years. Last month, the council proposed the transition to a private foundation in an email to all council members, the U.S. Department of Justice and the state of Alaska Department of Law.
While the trustee council itself does not have authority to make the transition, the state of Alaska and federal government do, and the perspective of the six council agencies will weigh significantly in any final decision.
The EVOS council is to take up the matter today, October 17, at its board meeting in Anchorage, Alaska, which is scheduled to run until 3:30 p.m. Alaska time. To listen in call 1-800-315-6338 and use access code 72241.
As of Oct. 1, the restoration fund managed by the council had roughly $198 million left, with some $153 million in unencumbered funds available.
The issue of long-term management of the restoration funds has been under discussion privately for years. Last month, the council proposed the transition to a private foundation in an email to all council members, the U.S. Department of Justice and the state of Alaska Department of Law.
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