Word: alaskan
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Dates: during 1980-1989
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...since the energy shocks of the 1970s has a Big Oil company been so vilified. From corner filling stations to the halls of Congress, Exxon came under attack last week for its role in the Alaskan oil spill. In Washington leaders of two consumer groups gathered near an Exxon station to call for a nationwide boycott of the company's products. On New York's Long Island, Suffolk County Executive Pat Halpin said the local government would cut its contractual ties with Exxon as a supplier. In California a lawsuit was filed that accused the oil company of boosting gasoline...
...cruising along with a good reputation and 1988 profits of $5.3 billion. But now Exxon faces not only a public outcry but also a financial liability that could dent its earnings and preoccupy its managers for years. Some 20 class-action lawsuits have already been filed on behalf of Alaskan fishermen and businesses. The company is even getting something of a cold shoulder on Wall Street, where last week it ran into unexpected trouble selling a $110 million issue of two-year bonds, a modest offering for a behemoth with annual revenues of $88.6 billion...
Some oil-industry experts have alleged that Exxon's sluggish initial response to the Alaskan accident was partly the result of another corporate lapse: the reduction of its spill-management staff during cost cutting in the mid-1980s. The company lost nine of its top environmental and spill-control officers, including scientist G.P. Canevari, the inventor of Corexit 9527, a commonly used oil-slick dispersant...
Opponents of the joint project fear it will endanger American dominance of the aerospace industry. -- Exxon faces lawsuits and consumer wrath for its role in the Alaskan oil spill...
With the notable exception of the John Tower fracas, Bush has muted public controversy. He cut a deal with Congress to quiet the poisonous contra-aid issue. He tiptoed out of the Eastern Air Lines strike early and into the Alaskan oil spill belatedly. Twice in the past few days he has mentioned his admiration of the leadership style of Dwight Eisenhower, best known for his ability to reconcile contentious and talented people. "No room for grudges in this business," Bush told one meeting of young staff members...