Word: spills
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Dates: during 1990-1999
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Exxon agreed to pay $20 million to 3,500 Alaska Natives who claimed losses as a result of the 1989 oil spill in Prince William Sound. This is the first time individuals have been awarded money in connection with the spill, but it may be just the tip of the liability iceberg for the multibillion-dollar corporation. Within days, a lawsuit filed by fishermen claiming $895 million from the company will be decided. What to watch for: a massive $15 billion claim for punitive damages against Exxon, likely to be brought by nearly everyone who claims to have been affected...
...Exxon Corp.'s pockets, an Alaska federal jury concluded that the oil giant was reckless in permitting a captain with a history of drinking to command the Exxon Valdez, the oil tanker that ran aground five years ago in Prince William Sound and caused the nation's worst oil spill. The verdict against Exxon and Captain Joseph Hazelwood enables local residents to seek $1.5 billion in compensation and $15 billion in punitive damages...
...Hall is creating a new center of activityon campus," he says. "The change of circulation oncampus will spill over into the city streets...
...little people's trial" will begin this week in federal court. Back in the fall of 1991, the state and federal governments settled their lawsuits against Exxon for $1 billion. But 12,000 fishermen, deckhands, business owners, landowners and Alaska natives who claim to have suffered from the spill are hoping a jury will hand them an additional $15 billion from the company's till...
...surprisingly, Exxon officials are quick to point to the abundant herring harvests the first few springs after the accident; they say there is no link between the five-year-old spill and what is happening now. Not surprisingly, this is not a popular position in Cordova. The culprit, most fishermen readily agree, is the 11 million gal. of oil. "It's a gut-level thing," says Baker. "Yes, there is an effect out there ((from the spill)). The thing that is so telling is that everywhere else in Alaska, there are major runs on fish this spring...