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
Health consequences of the Deepwater Horizon oil spill day of the meeting the suicide of William Allen Kruse, a charter boat captain working as a BP clean-up worker, intensified previous expert commentary on the current and likely long-term mental health effects of the ongoing crisis. David Abramson, director of research for Columbia's National Center for Disaster Preparedness, noted the increased risk of mental disorders and stress-related health problems. In August, the group released their conclusions in a report, "Workshop Summary: Assessing the Effects of the Gulf of Mexico Oil Spill on Human Health". In 2011 the Louisiana State University Health Sciences Center did a study to compare the