Skytruth coal and other minerals throughout the United States. In April 2010, the offshore oil drilling rig Deepwater Horizon, operated by BP P.L.C., exploded in the Gulf of Mexico and triggered the largest accidental oil spill in history. In cooperation with Florida State University, SkyTruth estimated the amount of oil flow from the damaged well-using satellite imagery and determined based conservative estimates using the visible surface slick that the flow of oil was between 5 and 25 times greater than BP reported. SkyTruth was the first organization to challenge BP's claims, and continued to monitor and document flow from the well
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