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The spill spread oil to more than 1,200 miles of coastline, closed fisheries and killed thousands of marine mammals and hundreds of thousands of sea birds.
A federal jury in Alaska awarded $5 billion in punitive damages in 1994. A federal judge later reduced the punitive damages to $4.5 billion, and the appeals court further cut it to $2.5 billion.
Originally posted by burdman30ott6
Uh, probably because we're a capitalist nation founded on capitalist ideals instead of state run communism. Just a guess on my part, though.