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
Volume and extent of the Deepwater Horizon oil spill silts and sands onshore. On 26 May 2011, the Louisiana Department of Environmental Quality extended the state of emergency related to the spill. In April 2012, oil was found dotting of Louisiana's coast. As of December 2012, of coastline remain subject to evaluation and/or cleanup operations. On 15 May 2010, researchers from the National Institute for Undersea Science and Technology, aboard the research vessel "RV Pelican", identified oil plumes in the deep waters of the Gulf of Mexico, including one as large as long, wide and thick in spots. The shallowest oil plume the group detected was at about ,