Subscribe to RSS feedExxonMobil fined another $1bn for oil spill
US oil group ExxonMobil has been ordered to pay a further US$1bn to those affected by the Exxon Valdez oil spill, on top of the US$500m already paid.
Twenty year legacy: Spill clean-up in 1989
A federal appeals court ordered ExxonMobil to pay
almost 6% interest on the US$507.5m punitive damages, backdated to 1996, and to pay its own legal costs of around US$70m.
Jeffrey Fisher, an attorney for the plaintiffs, said the
court’s opinion added...
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