Word: exxon
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Dates: during 1980-1989
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...last seen knee-deep in the muck at Prince Williams Sound, Alaska, checking out the damage from the Exxon Valdez oil spill...
...last seen knee-deep in the muck at Prince Williams Sound, Alaska, checking out the damage from the Exxon Valdez oil spill...
...When Exxon reckoned in July that it would spend nearly $1.3 billion to clean up its Alaskan oil spill, liability lawyers knew that was just the beginning. In Anchorage last week the state of Alaska filed a civil suit against the petroleum giant and the owners of the trans-Alaska pipeline, seeking unspecified damages that could total billions of dollars. Alaska charges the oil companies with deceiving the public about the safety of the shipping operation and with incompetence in the cleanup...
Alaska v. Exxon et al is likely to break some courtroom records. Robert LeResche, who heads the state's investigation of the spill, believes the legal wrangling will last at least a decade. "Out of the approximately 150 suits filed against Exxon, this is the big one," says Bryan Jacoboski, who follows the oil industry for Paine Webber. "It will keep Exxon's stock from going anywhere for a long time...
Many Alaskans were outraged last week when a leaked Exxon memo suggested that the company might walk away from the job after work halts for the winter on Sept. 15. But in testimony before a House subcommittee, W.D. Stevens, president of Exxon's U.S. operations, said the company would comply with any "reasonable request" from the Coast Guard to resume the cleanup next spring...