Word: valdez
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Dates: during 2000-2009
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...earned last year is staggering. While corporate critics cavil, shareholders see a company simply doing what companies are supposed to do--earning money. Given Exxon's riches, though, the 32,677 claimants in a 17-year-old suit pursuing a $4.5 billion damage award from Exxon for its 1989 Valdez oil spill are puzzled: Why doesn't the world's largest and most profitable oil company just pay the victims and move on? Exxon recently argued its third appeal of the award handed out by a jury in 1994 as punishment for the Valdez spill, the largest in U.S. history...
...40°F below zero, cleanup crews have contained the spill and are trucking in fresh snow to absorb whatever oil can't be vacuumed up. BP hopes to recover 90% of the lost crude, which it will funnel back into the pipeline and pump to the port of Valdez for sale on the open market...
...more, the federal document says. It says a BP inspection turned up at least six additional corroded spots or other "anomalies" along the 10-mile line, part of a vast web of pipes that drains Prudhoe, funneling crude into the 800-mile trans-Alaska pipeline to the port of Valdez. At one spot, the steel pipeline wall was eaten down to only .04 of an inch, very nearly unleashing more oil onto the tundra. The pipe is 30 years old, installed a year before Prudhoe oil production began...
...Square’s smaller, independent stores were more cautious in their evaluation of the weekend. “We don’t get slammed like the malls, but we make a lot at this time of year,” said Marka Valdez at Berk’s shoe store. Frances Cardullo, president of Cardullo’s, however, called growth “flat. Totally flat.” “People are not coming to Harvard Square to shop any more,” Cardullo said. “There’s no draw...
With his Supreme Court cases now closed, Fisher has been working with DWT on a federal appeals case pertaining to the Exxon Valdez oil spill in 1989 and on some other First Amendment work focusing on the journalistic privilege to keep sources confidential...