Exxon still owes for Valdez spill
Despite profits, oil giant holds billions awarded to victims
By MIKE LEWIS
P-I REPORTER
... 17 years. Long enough for children to have been born, grown and graduate from high school, for boats to have been scrapped or replaced, for marriages, divorces and career changes, and for a fair number of fishermen to die in one of the many ways life and their chosen occupation offer.
The odd thing is that the day itself -- March 24, 1989 -- has become less momentous to many fishermen than the slow grind of the years that followed.
On that date, the Exxon Valdez ran aground on Bligh Reef in Prince William Sound and dumped 11 million gallons of crude oil. Five years later, an Anchorage jury awarded the fishermen and affected communities $5 billion in punitive damages.
Calculated on one year of the oil giant's profits, the class-action award has yet to be paid as ExxonMobil fights it in federal court.
Now, with Exxon reaping even more -- $36 billion last year, a world record for a single company -- and another spill anniversary looming without a payment, the 32,000 fishermen, food processors and Alaska natives who remain plaintiffs in the case are seething.
You really try to forget about it most of the time," said Stewart Deal, 52, a Seattle salmon fisherman. "I've learned to put it out of my mind. But when we saw it (reports of Exxon profits), it makes you angry." <more>
http://seattlepi.nwsource.com/local/262707_exxonsettle13.html