In March 1989, the Exxon Valdez ran aground on Bligh Reef, triggering one of the most expensive environmental disasters in history. Within minutes, millions of gallons of crude oil began spilling into ...

ANCHORAGE (AP) -- A federal judge on Friday reduced by $1 billion the damage award against Exxon Corp. for spilling 11 million gallons of crude oil into Prince William Sound 13 years ago.

With weakening oil prices and growth in world demand for oil slowing and likely to decline as the world reduces emissions to address climate change, there is simply no reason to risk billions of ...