Prince William Sound Regional Citizens’ Advisory Council Marine Terminal and for limiting the use of chemical dispersants in oil spill cleanups. When BP's "Deepwater Horizon" oil drilling rig exploded on April 20, 2010 and began to leak oil into the Gulf of Mexico, the PWSRCAC was kept very busy responding to calls for assistance and information. Following this spill President Barack Obama's Gulf of Mexico Oil Spill Commission recommended establishing similar citizens' councils there and in the Arctic. The PWSRCAC expressed its willingness to help establish similar councils. Prince William Sound Regional Citizens’ Advisory Council The Prince William Sound Regional Citizens' Advisory Council is an independent non-profit
Economic effects of the Deepwater Horizon oil spill the total liability could amount to as much as by the conclusion of the disaster. Financial analysts commented that BP was capable of addressing the potential liabilities that might result, and BP stock rose slightly on the news that the initial compensation fund had been agreed. On 5 July 2010, BP reported that its own expenditures on the oil spill had reached $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. As of 1 October 2010, BP has spent $11.2 billion. As of March 2012, BP