June 25, 2008
Considered one of the worst oil spills in the world, the Exxon Valdez disaster spilled approximately 11 million gallons of crude oil into Prince William Sound on March 24, 1989. The oil fouled an estimated 1,300 miles of Alaska coastline. The spill killed hundreds of thousands of birds and animals, despoiled the environment and deprived thousands of fishermen and subsistence users of their livelihoods.
Governor Sarah Palin responded
to today's Supreme Court decision saying, "I am extremely
disappointed with today's decision by the U.S. Supreme Court.
While the decision brings some degree of closure to Alaskans
suffering from 19 years of litigation and delay, the Court gutted
the jury's decision on punitive damages."
In a prepared statement ExxonMobil Chairman and CEO, Rex W. Tillerson said, "The Valdez oil spill was a tragic accident and one which the corporation deeply regrets."
Tillerson said said, "We know this has been a very difficult time for everyone involved. We have worked hard over many years to address the impacts of the spill and to prevent such accidents from happening in our company again." He said, "We took immediate responsibility for the spill and have spent over $3.4 billion as a result of the accident, including compensatory payments, cleanup payments, settlements and fines."
The company cleaned up the spill and voluntarily compensated more than 11,000 Alaskans and businesses said Tillerson. "The clean-up was declared complete by the State of Alaska and the United States Coast Guard in 1992," he said.
Tillerson said, "In the aftermath of the Valdez accident, we redoubled our long-time commitment to safeguard the environment, our employees and the communities in which we operate."
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