Wednesday, February 27, 2008
Exxon Valdez Oil Spill
The Supreme Court is reviewing a lower court ruling awarding $2.5 billion in punitive damages for a 1989 oil spill occurring in Prince William Sound, Alaska. Exxon argues that it should not be liable for the negligence of the oil tanker’s skipper. The award would be peanuts for Exxon who saw a $39.5 billion profit in 2007. It would mean a lot to thousands of commercial fishermen, seafood processors, and native Alaskans whose livelihood has been damaged. Why should a rich corporation be able to tie up the case for 19 years? Where is justice?