(may be broke/outdated!)
The oil spill accident happened nearly 20 years ago. And while Exxon is raking in record profits, the company still hasn’t paid out much for the massive damage it caused in Alaska? Will Exxon appeal the $500 million ruling and drag out the payout for another 20 years?
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10 Responses
They’ve already appealed to Supreme Court, there are no more appeals.
It is disgusting how justice and law has been swept aside for corporate convenience.
No.
They will appeal because they need to make as much money as possible, this means NOT paying $500,000,000 or whatever.
However, I think the lawyer’s strongest argument (for the prosecution) is that Their profits are about $40,000,000,000 a year!!!
It makes me feel wonderful knowing our justice system is likely to side with big corporations.
,Chances are, they have already set this money aside and reinvested it into oil and gas. Either way, what the final outcome is, they win… again!
no, because the spec army an george bush won’t let them
They most certainly can afford it! Just goes to show where big corporations priorities are. They care about nothing but the bottom line on their balance sheets. Exxon will spend millions on lawyers to tie this up in court for another 20 years and continue to rape this country by overcharging for gas!
They already paid $3.5 billion for the clean-up and for direct economic damages.
What they’re appealing now is an award of additional $2.5 billion in punitive damages.
They’re appealing this additional damage award because the original payout included fines and damage awards per the EPA, and based on the long-standing maritime rule limiting liability of the parent company regarding independent actions taken by their agents at sea.
You should try to get your facts straight before you get all Mr. Furious about it.
why would they as long as they have the backing of the government and the tax payer paid already for it most of the politicians are stockholders do you expect them to loose any dividends ??