BP will donate oil sale proceeds to National Fish and Wildlife Foundation

BP will provide at least $5 million for the National Fish and Wildlife Foundation for wildlife affected by the oil spill in the Gulf of Mexico. 

The net revenue BP receives from the sale of oil recovered from the Gulf will go to the NFWF, including an immediate donation of $5 million, the company announced Tuesday on its website. 

The total amount that will go to the group is unknown. 

"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 in a BP release today. 

NFWF is working with U.S Fish & Wildlife Service (FWS), National Oceanic and Atmospheric Administration (NOAA), Department of Agriculture along with other federal and state agencies to identify the immediate wildlife needs throughout the Gulf.

The money will be used to "ensure that their work can begin even as initial oil collections from the Discoverer Enterprise enter the refining process," the release said. 

"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.