Corporate Citizenship On March 24, 1989, the oil tanker Exxon Valdez
struck Bligh Reef in Prince William Sound, Alaska, spilling more than 11 million gallons of crude oil. The spill was the largest in U.S. history and tested the abilities of local, national, and industrial organizations to prepare for, and respond to, a disaster of such magnitude.
Oil from the massive spill, which coated 1,200 miles of Alaskan coast,
continues to threaten the damaged ecosystem there, long after experts believed it would dissipate.
Facing a $5 billion damage award, Exxon appealed, and
won reductions to $4.5B, then $2.5B. It was still too much, the company argued.
Now, the
U.S. Supreme Court has agreed to hear Exxon's appeal. Justice Alito has recused himself.
[more inside]
posted by Kirth Gerson
on Oct 30, 2007 -
56 comments
