Word: exxon
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Dates: during 2000-2009
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...Disaster Re-Examined It has been almost two decades since the Exxon Valdez oil spill, in which a tanker dumped millions of gallons of crude oil into Alaska's Prince William Sound. Now after a lengthy legal battle over one of the most environmentally disastrous events in U.S. history, the Supreme Court is hearing Exxon's appeal. A look back at the case...
...SHIP'S LENGTH The skipper responsible for the accident, Joseph Hazelwood, was accused of drunkenly crashing the Exxon Valdez into a reef but was later acquitted...
...billion DAMAGES An Anchorage jury awarded victims $5 billion in punitive damages in 1994, but that number was halved in 2006 by a federal appeals court. Having spent $3.5 billion on cleanup, Exxon maintains that the damages are excessive and the company should not be held liable for Hazelwood's actions
...adviser students have factored company reputations into their employment decisions.“In the 60s and 70s, companies like Dow Chemical were an issue for students because of their involvement with making napalm in Vietnam,” he says. And “major petroleum companies like Exxon have their environmental problems, like the Valdez incident,” he adds, referring to a massive oil spill off the coast of Alaska in 1989.But moral concerns are often short-lived.“I would have conversations with engineering students who said they would never work with [Exxon...
...vanquish - to the delight of most crowds; "Go get 'em, John" is a frequent shout from the crowd - are America's CEOs. "I see the CEO of one of the biggest health insurance companies in America making hundreds of millions of dollars last year in one year. I see Exxon Mobil making billions and billions of dollars in profit, record profits. The top 1% of Americans are taking twice as much of America's income as they did 20-25 years ago," Edwards told supporters in Fort Madison today. "The biggest corporations have an iron-fisted hold on your democracy...