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The initial 1991 settlement would require Exxon to pay $1 billion in damages. $900 million was allocated to a trust fund concerning special environmental restoration and the other $100 million went directly to the state and federal governments.
The Prince William Sound Regional Citizens' Advisory Council is an independent non-profit organization based in Anchorage and Valdez, Alaska, whose mission is to promote the environmentally-safe operation of the Alyeska Pipeline's Valdez Marine Terminal and associated oil tankers, and to inform the public of those activities.
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.
The first was the crash of the Exxon Valdez oil tanker in Alaska's Prince William Sound in 1989. And the second was the 1992 kidnapping and killing of Sidney Reso, then-vice president of ...
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 ...
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.
In addition to the support options listed above, paid members also have access to 24/7 phone support by calling 1-800-827-6364. Popular Products. Account; AOL Mail;
Salmon, crab, shrimp, clams, ducks, seal, deer, rabbit and bear are utilized. The community is interested in developing a fish smokery and cold storage facility. Since January 2003, each Akhiok shareholder received $200,000 from sales of a $36 million trust fund provided in the Exxon Valdez oil spill settlement.