Health consequences of the Deepwater Horizon oil spill the settlement, people living for at least 60 days along oil-impacted shores or involved in the clean-up who can document one or more specific health conditions caused by the oil or dispersants are eligible for benefits. BP also agreed to spend $105 million over five years to set up a Gulf Coast health outreach program and pay for medical examinations. Health consequences of the Deepwater Horizon oil spill The Health consequences of the "Deepwater Horizon" oil spill are health effects related to the explosion of the "Deepwater Horizon" offshore drilling rig in the Gulf of Mexico on April 20, 2010.
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