Prince William Sound Regional Citizens’ Advisory Council Marine Terminal and for limiting the use of chemical dispersants in oil spill cleanups. When BP's "Deepwater Horizon" oil drilling rig exploded on April 20, 2010 and began to leak oil into the Gulf of Mexico, the PWSRCAC was kept very busy responding to calls for assistance and information. Following this spill President Barack Obama's Gulf of Mexico Oil Spill Commission recommended establishing similar citizens' councils there and in the Arctic. The PWSRCAC expressed its willingness to help establish similar councils. Prince William Sound Regional Citizens’ Advisory Council The Prince William Sound Regional Citizens' Advisory Council is an independent non-profit
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