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
Deepwater Horizon oil spill more than wide and deep. In a major study on the plume, experts were most concerned about the slow pace at which the oil was breaking down in the cold, water at depths of . In late 2012, a study from Georgia Tech and Universidad Autonoma de Aguascalientes in Environmental Pollution journal reported that Corexit used during the BP oil spill had increased the toxicity of the oil by 52 times. The scientists concluded that "Mixing oil with dispersant increased toxicity to ecosystems" and made the gulf oil spill worse." The three basic approaches for removing the oil from the