Gulf of Mexico Foundation of its funding comes from corporations, including oil and gas companies. While the remaining, three-quarters comes from state and federal government grants. The foundation website provides the most prominent credit to oil and gas companies. Media and consumer advocacy groups question the Foundation's close and questionable ties to the oil and gas industry. After the Deepwater Horizon drilling rig explosion in the Gulf of Mexico starting in April 2010, Quenton Dokken, the organization's director was interviewed by the New York Times about the severity of the then ongoing oil spill. He was optimistic, saying: The sky is not falling. We've
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