WASHINGTON - The Supreme Court on Wednesday slashed the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million.

Taken from Thursday’s edition of The Dori Monson Show. This is a just silly story to a lot of people, but to me it’s a very serious one because it illustrates just what we’re dealing with. We’re ...

The oil leak triggered by a deadly rig blast off the coast of Louisiana has the potential to cause more environmental damage than the 1989 Exxon Valdez spill, one of the largest ecological disasters ...

Taxpayers, therefore, could be on the hook to cover a large proportion of the damage costs from a marine spill because oil ...

A Jan. 29 Business article incorrectly referred to the 1989 Exxon Valdez disaster as the largest oil spill in history. (Published 1/30/04) A federal judge in Alaska yesterday ordered Exxon Mobil Corp.

WASHINGTON — The Supreme Court today cut the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million. The court ruled that victims of the worst oil spill in American ...

While Greg Trauthwein never assigns me column subjects, each time the Great Ships issue comes around I go with the theme. However, I try to take a view askew on that subject and have found that these ...

Exxon contends it should not be liable for the actions of the Exxon Valdez skipper, Joseph Hazelwood, when the supertanker ran aground on March 24, 1989, with 53 millions gallons of oil in its hold.

Twenty-five years ago, on March 24, 1989, the oil tanker Exxon Valdez ran aground off the coast of Alaska, eventually spilling 11 million gallons of crude oil into the pristine waters of Prince ...

It may be a quarter century since the Exxon Valdez disaster, yet blobs of oil along Alaska's coastline look as fresh as if they'd been spilled less than two weeks ago. This remaining petroleum might ...