The Gulf of Mexico Research Initiative will use $112.5 million to fund eight research teams over the next three years to study the impact of the Deepwater Horizon oil spill of 2010. The teams will investigate what happened to the oil in the environment, the impacts of the spill and the development of new tools and technologies for responding to future spills and improving mitigation and restoration. Universities with operations along the Gulf Coast participating in one or more teams include the University of Southern Mississippi, University of West Florida, Louisiana State University, Tulane University, Florida State University and the University of Mississippi. Also participating will be Dauphin Island Sea Lab of Mobile, Ala., and the Naval Research Laboratory, which has a detachment at Stennis Space Center, Miss. The GRI Research Board is an independent body established by BP to administer the company's 10-year, $500 million commitment to research. Additional grant competitions will be announced soon. (Source: PRNewswire, 08/30/11)