Skytruth coal and other minerals throughout the United States. In April 2010, the offshore oil drilling rig Deepwater Horizon, operated by BP P.L.C., exploded in the Gulf of Mexico and triggered the largest accidental oil spill in history. In cooperation with Florida State University, SkyTruth estimated the amount of oil flow from the damaged well-using satellite imagery and determined based conservative estimates using the visible surface slick that the flow of oil was between 5 and 25 times greater than BP reported. SkyTruth was the first organization to challenge BP's claims, and continued to monitor and document flow from the well
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