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Shocking: 18 Years on and Exxon Still Won't Pay $2.5 Billion for Valdez Oil Spill

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posted on Nov, 6 2007 @ 04:56 AM
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Shocking: 18 Years on and Exxon Still Won't Pay $2.5 Billion for Valdez Oil Spill


www.alternet.org

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.

Taxpayers, not Exxon, paid a majority of that bill. Exxon recouped most of its remaining expense from its insurance companies.


(visit the link for the full news article)



posted on Nov, 6 2007 @ 04:56 AM
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This is just disgusting! Its time the law punished major corporations on a percentage scale instead of charging a multi-billion dollar corporation a 100k fine or some meager amount.

www.alternet.org
(visit the link for the full news article)



posted on Nov, 6 2007 @ 05:42 AM
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Reminds me of this article:
Sunken Oil Tanker Will Be Habitat For Marine Life, Shell Executives Say With Straight Face.

A percentage scale does seem just. One of the executives could personally fork out the $100, 000 fine without any lasting damage to his wallet I'm sure.



posted on Nov, 6 2007 @ 06:16 AM
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Originally posted by watch_the_rocks
Reminds me of this article:



The Onion is a comedic newspaper.

See here.

[edit on 2007/11/6 by SteveR]



posted on Nov, 6 2007 @ 10:47 PM
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SteveR, are you seriously saying that you thought that I didn't know that TheOnion is a satirical publication?


And anyway, article is an article, no matter what the intended impact is.



posted on Nov, 6 2007 @ 11:37 PM
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Yeah, can you believe it!?

We had a good exchange about this the other day, when it was "breaking news."

Even after it got buried in the Global News Discussion forum on BTS, me and the 4thDoctorWhoFan (crazy avatar!) carried on for a number of posts.


Check it out.

Exxon can appeal $2.5bn oil fine

Edit to add:

Thanks for the AlterNet article, my bloods back up to a boil.

DON"T BUY EXXON!




[edit on 6-11-2007 by goosdawg]




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