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December 23rd, 2006

Exxon Gets Fines Reduced Again

Exxon oil spill

From the BBC:
Court halves Exxon spill damages

A US court has almost halved the damages oil giant Exxon Mobil must pay for a 1989 oil spill off Alaska.

The San Francisco Federal appeals court reduced the payment from $4.5bn (£2.3bn) to $2.5bn (£1.3bn), saying the previous decision had been excessive.

It is the third time damages in the case have been reduced.

-What next, Exxon excutives will have to hold out their hands to have their wrists slapped?

Posted by Vixen as News at 11:41 PM CST

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