Word: exxon
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...accident gave new impetus to local efforts to require double hulls on all new tankers. But unlike Exxon, whose response to last year's catastrophic oil spill in Alaska's Prince William Sound was too little and too late, British Petroleum, the company leasing the tanker, lost no time in launching a cleanup. "Their response has been without equal," said a Coast Guard spokesman. "The people and the equipment were ready...
...Exxon's mop-up team did earn modest praise for its effectiveness in soaking up some of the oil with cotton booms. By week's end Exxon had recovered about 130,000 gal., but the damage remains to be calculated. More than 300 birds have died, and if the oil destroys the area's marine organisms, several species of migratory birds may starve to death when they arrive in the spring for breeding...
Authorities in New Jersey have filed a lawsuit against Exxon, and New York officials threatened to do so but held off when the oil company agreed to assume some liability for the spill. Both states want the oil giant to pay compensation for damage to the environment and reimbursement for the governments' cost of helping in the cleanup. Exxon's environmental bills are mounting. The company has spent more than $1 billion in its efforts to clean up the Valdez spill, and is being sued for billions of dollars more by the state of Alaska, the fishing industry and other...
Besides the two spills, Exxon suffered an explosion and fire in late December at a major Louisiana oil refinery. To many Exxon critics, the string of accidents suggests that the company stubbornly refuses to embrace a policy of safety and prevention. Says Albert Appleton, New York City's new commissioner of environmental protection: "Exxon has a corporate philosophy that the environment is some kind of nuisance problem and a distraction from the real business of moving oil around." Last week Exxon named Edwin Hess, a senior vice president, to the new post of vice president in charge of environment...
...takeover wars. But his domain totters on bankruptcy, and Campeau has been relieved of command. -- Art Buchwald wins a court claim that he provided the idea for the blockbuster Coming to America, but how much will he be paid? -- After an oil spill in New York and New Jersey, Exxon faces more flak...