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
Deepwater Horizon oil spill pension fund managers (who have large holdings of BP shares and rely upon its dividends) accepted that while BP had to pay compensation for the spill and the environmental damage, they argued that the cost to the company's market value from President Obama's criticism was far outweighing the direct clean-up costs. Initially, BP downplayed the incident; its CEO Tony Hayward called the amount of oil and dispersant "relatively tiny" in comparison with the "very big ocean." Later, he drew an outpouring of criticism when he said that the spill was a disruption to Gulf Coast residents and himself adding, "You