Despite Record Profits, Exxon Mobil Refuses To Pay Up on Valdez Ruling
Astrid Hill reports on ABC News' "The Blotter":
Seventeen years after the Exxon Valdez spill dumped millions of gallons of crude oil into the pristine waters of Prince William Sound, Alaska, Exxon Mobil has yet to pay $4.5 billion in punitive damages ordered by a court.More here.
A federal court ordered Exxon Mobil Corp. to pay $4.5 billion to Alaskan fishing communities affected by the 1989 spill. But Exxon continues to fight the order, claiming the $3.5 billion paid in initial cleanup efforts and compensation is sufficient.
Alaskans say the devastation continues. Herring and salmon remain scarce, and people have lost their livelihoods. Fishing communities remain devastated.
posted by Fergie @ 6/29/2006 09:34:00 AM
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