Conscious Flow Radio

Monday, November 5, 2007

18 Years On and Exxon Still Won't Pay $2.5B for Valdez Oil Spill

And now the Supreme Court has agreed to hear Exxon try to explain why it shouldn't pay.
(Click link here for full story)

The Supreme Court's recent decision to hear ExxonMobil's reasons to void the $2.5 billion punitive award in the Exxon Valdez case hit the town of Cordova, Alaska, hard. This small coastal fishing community -- my hometown -- along with the Alaska Native villages in Prince William Sound have borne the brunt of the largest crude oil spill in America's waters; a spill that took place more than 18 years ago, but one that continues to hold the region hostage.

The second painful blow was the high court's decision to not even hear our reasons why the award should be restored to the full $5 billion that a jury of peers decided was necessary to punish the corporate giant back in 1994.