Supreme Court Decides Exxon Doesn’t Have Any Money; Reduces Valdez Fine.

June 25th, 2008 • Related • Filed Under

I guess profits in the billions every quarter for the last couple of years just isn’t helping Exxon stay afloat, so the Supreme Court just declared that the $2.5 billion in punitive damages owed for the Valdez oil spill in Alaska is just too much and it should be reduced to $507 million. This is a company that made $40.6 billion in profit last year alone, and $2.5 billion owed from 19 years ago is too much to pay for one of the worst environmental disaster in history?

Now we can all be clear about the fact that the oil companies are indeed running the show, no doubt about it. And while I do not believe in gas boycotts as they don’t do any good, I do know I will be going out of my way to not buy gas from these guys, that’s for sure.


Share with others:  |   |   |


If you like this post then please consider subscribing to my full feed RSS. You can also subscribe by Email and have new posts sent directly to your inbox.

There Are 3 Responses So Far. »

  1. Comment by opit on 25 June 2008:

    Guess you missed the note : Exxon is bowing out of retailing fuel.

  2. Comment by lavardera on 26 June 2008:

    Supreme Court is having an 80% off sale on trashing the environment. Free gun with your purchase.

  3. Comment by david on 26 June 2008:

    Where do I sign up?

Post a Response

Disclaimer
The contents of this website are provided for informational purposes only and should not be construed as advice. While all information shared here is believed to be accurate, the owner/operator of this website specifically disclaims all warranties expressed, implied or statutory, regarding the accuracy, timeliness, and/or completeness of the information contained herein. Please discuss any specific needs with a qualified professional.