In case you didn't read this in the paper today, but the Supreme Court Decided to hand a sizable gift to Exxon today - not much unlike what you do when you fill up your tank with their gas, but much bigger.
The U.S. Supreme Court on Wednesday overturned the record $2.5 billion in punitive damages that Exxon Mobil Corp had been ordered to pay for the 1989 Exxon Valdez oil spill off Alaska.
The nation's highest court ruled that the punitive damages should be limited to an amount equal to the total relevant compensatory damages of $507.5 million.
Hmmm, the Fat Cats just got fatter:
It took the company just under two days to bring in $2.5 billion in revenue during the first quarter of 2007.
Nice for them. What does that mean for us, and the people of the great State of Alaska who have been paying for the
Valdez incident since it happened?
2 comments:
On the bright side
When one of your oil tankers runs aground, you're covered.
Hi,
I am the webmaster of www.peloop.com
I find your blog very interesting to read. Your way of writing can magnet and lure a lot of visitors/readers. Would you be able to write about our product after visiting our site?
Or if you have a friend who is interested to try our product, we can send you one. From this, you can gain insights and share your friend's experience to us.
I would really be interested to know if you would be able to post your findings/review in your blog, it may be a positive or negative one, with links to our site.
Regards,
Sara Smith
greenAphrodite@gmail.com
Post a Comment