A year after the BP oil tragedy in the Gulf of Mexico, there is now hope that some money will be made available to research the extent of the impact of the oil spills in the region. The $500 million fund released by BP is being controlled by the Gulf of Mexico Research Initiative Research Board, which is waiting for research proposals, according to a statement released today.
Scientists had been waiting desperately for the funds. The fund was set up to provide $50 million each year for 10 years to study 5 particular aspects related to oil spills. These are oil dispersions, environmental impacts and restoration, health effects, degradation and technologies for cleanup and mitigation.
The call for proposals is aimed at promoting collaborations between multiple institutions. Initial grants will vary from $1 million to $7.5 million. However, it is expected that individual researchers may also get anything between $100,000 and $1 million for smaller projects.

