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The Exxon Valdez oil spill was a major environmental disaster that occurred in Alaska's Prince William Sound on March 24, 1989. The spill occurred when Exxon Valdez, an oil supertanker owned by Exxon Shipping Company, bound for Long Beach, California, struck Prince William Sound's Bligh Reef, 6 mi (9.7 km) west of Tatitlek, Alaska at 12:04 a.m.
Exxon Valdez was an oil tanker that gained notoriety after running aground in Prince William Sound, spilling her cargo of crude oil into the sea. On 24 March 1989, while owned by the former Exxon Shipping Company, captained by Joseph Hazelwood and First Mate James Kunkel, [3] and bound for Long Beach, California, the vessel ran aground on the Bligh Reef, resulting in the second largest oil ...
For example, the 2004 Indian Ocean earthquake and tsunami, with a death toll of around 230,000 people, cost a 'mere' $15 billion, [1] whereas in the Deepwater Horizon oil spill, in which 11 people died, the damage was six times higher. The most expensive disaster in human history is the Chernobyl disaster, costing an estimated $700 billion. [2]
If history has taught oil companies anything, it's that cleaning up a major spill doesn't really have to cost much. Sure, there are legal fees to pay, clean up costs to cover and lawsuits to ...
Exxon Shipping Co. v. Baker, 554 U.S. 471 (2008), was a case decided by the Supreme Court of the United States.The Court ruled in a 5-3 decision that the punitive damages awarded to the victims of the Exxon Valdez oil spill should be reduced from $2.5 billion to $500 million.
Up to 1.1 million barrels of oil could spill into the Red Sea causing a disaster four times worse than the 1989 Exxon Valdez spill, the United Nations Security Council heard on Wednesday. Time is ...
This is a reverse-chronological list of oil spills that have occurred throughout the world and spill(s) that are currently ongoing. Quantities are measured in tonnes of crude oil with one tonne roughly equal to 308 US gallons , 256 Imperial gallons , 7.33 barrels , or 1165 litres .
ExxonMobil's recent oil spill from its Pegasus crude pipeline in Mayflower, Ark., could cost investors in a number of industries. The White House Council on Environmental Quality is expected to ...