BP pledges $500 million to study oil spill effects, response

The research will examine how the oil dispersed and behaved on the seabed and water surface, the effects of dispersant on the oil and, among other things, what can be done to improve technology to help contain and clean up the oil. 

The first grant will go to Louisiana State University because of its experience in dealing with the oil and gas industry and knowledge of the Gulf. 

"The first part of the program is about obtaining and analyzing samples and assessing immediate impacts," said Christopher D'Elia, professor and dean of LSU's School of Coast and Environment.