Indianz.Com > News > Alaska Natives get small share of Exxon judgment

Alaska Natives get small share of Exxon judgment
Thursday, June 26, 2008
Filed Under: Environment | Law

Alaska Native villages and corporations will only get a small share of the damage award in the 1989 Exxon Valdez oil spill, The Anchorage Daily News reports.

The U.S. Supreme Court on Wednesday said Exxon only has to pay $507.5 million in punitive damages. With interest, the award will come to about $1 billion.

Of the total amount, 4.6 percent will go to Native corporations in the Chugach region for loss of subsistence. This will come to about $40 million, the Daily News said.

Another 49 percent goes to fishermen who were affected by the pill. Of this amount, 2.21 percent will go to Alaska Natives.

Get the Story:
Even Exxon gets chunk of money (The Anchorage Daily News 6/26)
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Alaskans less than happy (The Anchorage Daily News 6/26)
Exxon Valdez: 'This is it; it's done' (The Anchorage Daily News 6/26)
Justices Slash Damages for Exxon Oil Spill (The Washington Post 6/26)
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Damages Cut Against Exxon in Valdez Case (The New York Times 6/26)
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