BP/Gulf Oil Gusher BP Pledges Collateral for Gulf Of Mexico Oil Spill Trust by Gary Kopycinski on October 1, 2010 Gary Kopycinski Author More in BP/Gulf Oil Gusher: Statement of Chris Canfield One Year After Deepwater Horizon Explosion April 20, 2011 Groups Tell Congress: Get Together and Get Gulf Restoration Done April 20, 2011 BP’s Criminal Negligence Exposed April 20, 2011 HOUSTON–(ENEWSPF)–October 1, 2010. BP announced today that it has pledged certain Gulf of Mexico assets as collateral for the $20 billion Deepwater Horizon Oil Spill Trust which was set up to pay legitimate claims arising from the April 20 incident.