Feb 24, 2008

Still no justice in Exxon Valdez oil spill

Some five years after an alcohol-impaired captain ran the Exxon Valdez into the Bligh Reef, "officially" spilling more than 11 million gallons of crude oil into Prince William Sound, a federal jury awarded $5 billion in punitive damages be paid by Exxon to thousands of claimants from the still devastated Alaskan area. At the time, that $5 billion amounted to 1 years profits for Exxon. In the fourteen years since that jury's decision, Exxon has appealed the decision repeatedly and in 2006 and jury decreased the $5 billion to $2.5 billion. The case is now heading to the U.S. Supreme Court. It's been almost two decades after the oil spill and that $5 billion represents less than two months worth of profits for Exxon now and a study published last year found that over 26,000 gallons of oil still contaminates the shorelines of Prince William Sound and it's not leaving any time soon.

1 comment:

Me said...

republicans v the enviroment.