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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 in News

This entry was posted on Saturday, December 23rd, 2006 at 11:41 pm and is filed under News. You can follow any responses to this entry through the comments RSS 2.0 feed. You can leave a response, or trackback from your own site.

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