Word: alaskan
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...beach, leaving 304 miles of oil-covered shoreline to go in Prince William Sound alone. The company claimed that it would pick up the remaining seaborne oil within the next two weeks and scrub all the fouled shoreline before cold weather arrives in September. But Alaskan officials grimaced with skepticism. "Sounds too rosy," said Dennis Kelso, Alaska's environmental conservation commissioner. "Look at Exxon's track record till now -- too little, too late, and too many excuses...
Consumer activist Ralph Nader said in Washington that Exxon "should not be allowed to forget" the Alaskan spill and that a boycott was the way to send a message to the oil giant...
...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...