Word: valdez
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Dates: during 2000-2009
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...investigated for its petroleum potential. In the most recent study, in 1998, the U.S. Geological Survey estimated that there could be between 3 billion and 16 billion bbl. of oil in Area 1002. In 1989 the Senate Energy Committee was ready to authorize drilling when the Exxon Valdez disaster spilled almost 11 million gal. of oil, polluting more than 1,000 miles of Alaskan shoreline. The bill was shelved. Six years later, during the Newt Gingrich era, Republicans pushed another bill, but President Clinton vetoed...
...reason may be genuine environmental concern. Ford's new chairman, William Clay Ford Jr., an avid fly fisherman and vegetarian, has vowed to make the company a better corporate citizen. Stung by attacks on his new Excursion--a 12.5-m.p.g. guzzler dubbed "Ford Valdez" by critics--he has expressed fears that auto companies could be scorned like tobacco companies if they don't clean up their act. Similarly, GM has sought to position itself as the greenest car company, beginning in 1996 when it launched the nation's first modern, mass-produced electric car, the EV-1. But both companies...
...asbestos calamity in 1991, when it reported a loss of $980 million. The jarring news accompanied a cash call to unlucky Names who had backed the affected syndicates. Lloyd's reported loss climbed to $3.85 billion in 1992, in part as a result of disasters ranging from the Exxon Valdez oil spill to the San Francisco earthquake of 1989. The 1993 loss was even more dismal: $4.4 billion...