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
Jebel al-Zayt oil spill such little information. Also the government is unable to determine the source of the spill or how it began. Few media outlets reported on this oil spill due to the BP oil spill which overshadowed this issue. The BP oil spill which was one of the largest accidental oil spills in history. It happened weeks before the Egypt oil spill had occurred. Jebel al-Zayt oil spill The Jebel al Zayt oil spill occurred north of the Red Sea on June 16, 2010. It is considered to be the largest offshore spill in Egyptian history. The spill polluted around 100 miles