Deepwater Horizon Oil Spill Trust Deepwater Horizon Oil Spill Trust The "Deepwater Horizon" Oil Spill Trust is the $20 billion trust fund established by BP to settle claims arising from the "Deepwater Horizon" oil spill. The fund was established to be used for natural resource damages, state and local response costs and individual compensation. It was established as Gulf Coast Claims Facility (GCCF), announced on 16 June 2010 after meeting of BP executives with U.S. President Barack Obama. In June 2012, the settlement of claims through the GCCF was replaced by the court supervised settlement program. After the "Deepwater Horizon" oil spill started, BP promised
2009 Lüderitz oil spill 2009 Lüderitz oil spill The 2009 Lüderitz oil spill began in April 2009 off the coast of Lüderitz, Namibia. The oil spill directly affected 171 African penguins, with many more possibly threatened. The oil spill is in the area where the fishing trawler "Meob Bay" sank in June 2002, killing 19 seamen. The boat sank after a rope got caught in the propeller, which then detached causing water to flood into the engine room. However, an inspection of the site where the vessel had sunk showed that the wreck was not the source of the oil; the source of the