Gulf Coast Ecosystem Restoration Task Force Gulf Coast Ecosystem Restoration Task Force The Gulf Coast Ecosystem Restoration Task Force is the organization created by President Barack Obama to recover from the 2010 BP "Deepwater Horizon" oil spill and preserve the ecosystem of the Gulf Coast of the United States. On April 20, 2010 the United States watched as over 200 million gallons of crude oil flowed into the Gulf of Mexico from the 2010 BP "Deepwater Horizon" oil spill. For three months various efforts were taken to cap the broken well and were finally successful on September 19, 2010. In the aftermath of this disaster the
Economic effects of the Deepwater Horizon oil spill the total liability could amount to as much as by the conclusion of the disaster. Financial analysts commented that BP was capable of addressing the potential liabilities that might result, and BP stock rose slightly on the news that the initial compensation fund had been agreed. On 5 July 2010, BP reported that its own expenditures on the oil spill had reached $3.12 billion, including the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid, and federal costs. As of 1 October 2010, BP has spent $11.2 billion. As of March 2012, BP