Reactions to the Deepwater Horizon oil spill On 22 June, BP said money received from selling oil from Deepwater Horizon would go to the National Fish and Wildlife Foundation, to be used to help wildlife along the Gulf Coast. BP started the fund with $5 million. Reactions to the Deepwater Horizon oil spill Reactions to the "Deepwater Horizon" oil spill from various officials and interested parties ranged from blame and outrage at the damage caused by the spill, to calls for greater accountability on the part of the U.S. government and BP, including new legislation dealing with preventative security and clean-up improvements. On 30 April 2010, President
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