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Exxon won't fight interest ruling in oil spill case
Tuesday, June 30, 2009
Filed Under: Environment | Law

Exxon Mobil Corp. won't appeal a decision to pay interest in the lawsuit over the 1989 Exxon Valdez oil spill.

The 9th Circuit Court of Appeals said the company owed $507.5 million in damages plus interest, starting in 1996. The total award will come to about $1 billion.

Alaska Natives will only get a small portion of the award. According to The Anchorage Daily News, villages and corporations are entitled to 4.6 percent of the judgment.

Get the Story:
Exxon agrees to pay spill penalty interest (The Anchorage Daily News 6/30)

9th Circuit Decision:
Baker v. Exxon Mobile (June 15, 2009)

Supreme Court Decision:
Syllabus | Opinion [Souter] | Concurrence [Scalia] | Concurence/Dissent [Stevens] | Concurence/Dissent [Ginsburg] | Concurence/Dissent [Breyer]

Related Stories:
Editorial: 9th Circuit justice in Exxon oil spill case (6/17)
9th Circuit enters award in Exxon oil spill case (6/16)
Editorial: Learning from Exxon Valdez spill (3/23)
Alaska Natives get small share of Exxon judgment (6/26)
Supreme Court rulings awaited in Indian Country (6/24)
Supreme Court cuts down Exxon oil spill damages (6/25)
Supreme Court hears Exxon Valdez oil spill case (2/28)
Supreme Court agrees to hear Exxon oil spill case (10/30)
Court won't reconsider $2.5B Exxon Valdez award (5/24)
Alaska Natives seek $100M for Exxon Valdez oil spill (5/2)
Judge orders Exxon to pay $7B for Valdez spill (1/29)
Exxon wants oil spill award reduced (06/13)
Alaska Natives appeal Exxon ruling (11/30)
Exxon fight has proven costly (11/9)
Native payout for Exxon spill lowered (11/8)
Exxon Valdez health complaints probed (11/6)

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