Exxon Valdez

Oil Spill Trustee Council

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Status of Restoration

Congratulations to Elise Hsieh on her retirement

It is with mixed emotions that we announce the retirement of Elise Hsieh from her position as the Executive Director (ED) of the EVOSTC. Elise began lending her expertise on Council matters while she was at the Department of Law and officially became full-time ED in 2009. During the early years of her tenure, she worked closely with the Council to reduce its administrative burden and refined the scope of the Council’s efforts to restoration categories that include long-term herring research and monitoring, long-term monitoring of marine conditions and injured resources, shorter-term harbor protection/marine restoration projects, lingering oil, and habitat enhancement and protection. This era of increased integrated and collaborative programs and projects marked the beginning of the new stage for the Council, and through her strong and effective leadership, these programs and projects continue to be successful into their 10th year. In addition, Elise encouraged an assertive investment asset allocation that facilitated ample returns to the joint trust funds. Although we will miss Elise immensely, we wish her well and all the best in her retirement.

Shiway Wang will be Acting ED effective March 1, 2021.

In Memoriam

In 2020, EVOSTC lost three dedicated individuals who made significant contributions to the Council: Charles "Pete" Peterson (long-time Council Science Panel member), Pete Hagen (long-time Council NOAA liaison), and Cherri Womac (long-time Associate Coordinator for the Council). An "In Memoriam" site was created as a tribute to them and to honor their contributions and memories. They will be greatly missed.

Resolutions Approved at the January 19, 2021 Council Meeting

The Trustees approved to adopt Resolutions 21-02 and 21-03 at their January 19, 2021 meeting.

Resolution 21-02 is a revised version of Draft Resolutions 20-A and 20-B.

Resolution 21-03 is a revised version of Draft Resolution 20-D.

For information regarding the draft resolutions and public comments for each resolution, please go to Trustee Council 2020 DRAFT Resolutions for public comment for details.

Resolutions 21-02 and 21-03 are posted here.

Estimated Unencumbered Subaccount Balances

Research: $93,560,802
Habitat: $59,726,560
Total: $153,287,362

As of March 31, 2021

Click here for additional monthly information on the Investment Fund.