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Exxon Valdez back in court, with lessons for the gulf

Reuters is reporting that an Alaska environmentalist is returning to court to force the company responsible for the Exxon Valdez oil spill to pay for its long-term ecological consequences: # Exxon has not paid the bill, and the governments have yet to take the matter to court. # Now an Alaska environmentalist is seeking to persuade a federal judge to compel Exxon to pay the $92 million, plus another $23 million in interest. # At stake is more than money that could be used restore a Prince William Sound still injured by the 11 million gallon spill, said Rick Steiner, the retired University of Alaska marine science professor and longtime Alaska activist who filed the motion to compel the payment

Jul 31, 2020
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Reutersis reportingthat an Alaska environmentalist is returning to court to force the company responsible for the Exxon Valdez oil spill to pay for its long-term ecological consequences: #
Exxon has not paid the bill, and the governments have yet to take the matter to court. #
Now an Alaska environmentalist is seeking to persuade a federal judge to compel Exxon to pay the $92 million, plus another $23 million in interest. #
At stake is more than money that could be used restore a Prince William Sound still injured by the 11 million gallon spill, said Rick Steiner, the retired University of Alaska marine science professor and longtime Alaska activist who filed the motion to compel the payment. #
It’s worth reading the motion in full. One of Steiner’s motivations, according to the report, is the precedent his case will set for the after-effects of the Deepwater Horizonoil spill in the Gulf of Mexico. #
Exxon said last week that it’s done compensating damages from the 1989 spill, according to the Alaska Distpatch. #
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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