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NEWS ABOUT: Exxon Valdez

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Oil Spill Damage Overhyped

Spill's effects don't appear all that catastrophic

(Newser) - Everyone seems to be calling the Deepwater Horizon spill the worst environmental disaster ever, but rumors of the Gulf’s death may be greatly exaggerated, writes Michael Grunwald of TIME . While there could be long-term ramifications from the spill, the damage so far actually looks pretty modest. It’s killed... More »

13 Companies We Love to Hate

Standard Oil, Union Carbide, and other objects of our scorn

(Newser) - BP may be the recipient of our collective scorn these days, but it's not the first company we've come to despise—and it doesn't even take top honors on the Most Hated list. The Daily Beast asked 10 financial historians to nominate and rank their picks for the worst company... More »

Oil Flow Estimates Double (Again) to 25K Barrels a Day

Which makes the damage, already, 5 to 6 times the Exxon Valdez

(Newser) - Two teams of scientists working for the federal government have upped the estimates of oil flowing from the crippled Deepwater Horizon well again—this time to 25,000 to 40,000, or even 50,000, barrels a day. In case you're trying to keep track, the earlier team said 12,... More »

Lawyers Scramble to Sue BP

Gusher of litigation expected to dwarf Valdez suits

(Newser) - Even if it manages to plug the Gulf leak tomorrow, BP is facing a gusher of lawsuits likely to keep flowing for decades. Lawyers are scrambling to file ever-bigger lawsuits on behalf of people affected by the Deepwater Horizon explosion and its aftermath, including rig workers, shrimpers, and tourist businesses.... More »

New Oil Flow Estimate Makes Gulf Spill Nation's Worst

At 3.5 times earlier estimates, exceeds Exxon Valdez

(AP) - New oil flow estimates by scientists studying the blown-out well in the Gulf of Mexico are more than three times earlier estimates, making the leak the worst in the nation's history. The US Geological Survey director says the results are preliminary, but two teams using different methods determined that the... More »

BP Botched Exxon Cleanup, Too

BP was partially in charge of mopping up that mess, too

(AP) - Commentators can't help but compare the Deepwater Horizon disaster to the 1989 Exxon Valdez disaster, which leaked 11 million gallons of crude into the water, killed countless animals, and tarnished the owner of the damaged tanker, Exxon. Yet the leader of botched containment efforts in the critical hours after the... More »

Frustrated Salazar: 'We'll Push BP Out of the Way'

Interior secretary talks tough during visit to oil company's HQ

(Newser) - As the Obama administration ramps up its response to the Gulf oil disaster, the interior secretary visited BP's Houston headquarters today and blasted the company for missing "deadline after deadline" in the cleanup effort. "There's no question BP is throwing everything at this problem," Ken Salazar acknowledged.... More »

Spill May Screw the Gulf, but It Won't Kill BP

Oil giant's profits are prodigious enough to pay for cleanup

(Newser) - If you've been up late worrying about BP , rest easy. Whatever the ultimate toll to the Gulf states, and indeed the nation, the still-gushing oil spill isn't likely to kill BP. The British firm may be shelling out $17.5 million per day in clean-up costs, but it averaged $93... More »

BP Weighs Trying Smaller Dome

Company considers multiple strategies as oik continues to gush

(AP) - BP is considering more options to stop the flow of oil spewing at the bottom of the Gulf of Mexico. COO Doug Suttles said today BP is thinking about putting a smaller containment dome over the massive leak after a four-story, 100-ton box became clogged with icelike crystals yesterday. BP... More »

Oil Spill: Protecting Wildlife Will Be 'Mind-Boggling' Job

As oil reaches land, scientists worry about marshes

(Newser) - Migrating birds, nesting pelicans, and river otter and mink living along Louisiana's fragile coastline are in the path of the oil oozing ashore after the massive oil spill in the Gulf Coast. Louisiana's coastal islands and barrier marshes are home to hundreds of species. Protecting the ecosystem will be a... More »

Gulf Oil Spill Reaches Land

Spill could become worst US environmental disaster in decades

(Newser) - Crews scrambled to protect wetlands and fishermen rushed to scoop up shrimp as oil began to wash ashore on the Gulf Coast last night. Officials warn that the spill from a BP rig—which is five times bigger than had been believed—could be America's worst environmental disaster in decades.... More »

Tug Grounds on Same Reef as Exxon Valdez

Ship was scouting ice to prevent accidents; 3rd recent spill in area

(AP) - Two decades after the Exxon Valdez disaster, a tugboat working to prevent another oil spill in Alaska's Prince William Sound ran aground on the same reef, leaving a three-mile sheen of oil. The 136-foot tug Pathfinder had just finished checking for dangerous ice when it hit Bligh Reef. Alaska Sen.... More »

As Long as We Use Oil, We'll Spill Oil

(Newser) - The Exxon Valdez oil spill is still wreaking havoc on Prince William Sound 20 years later, and an increased push for drilling in Alaska has conservationists and fisherman girding for a repeat, Yale Environment 360 reports. The decimation of the sound’s herring population has affected everything from seabirds to... More »

20 Years On, Valdez Lessons Haven't Been Drilled In

(Newser) - It’s been 20 years to the day since the Exxon Valdez dumped about 11 million gallons of crude oil into Alaska’s Prince William Sound, and the area has still not recovered. Oil, particularly below the surface, persists, and marine animal populations have not recovered. Still, Time reports, the... More »

20 Years After Spill, Valdez Oil 'Harmless'

Few remaining deposits don't threaten life in Alaskan waters: scientists

(Newser) - Nearly 20 years after the Exxon Valdez spill, what little oil remains in the soiled Prince William Sound is harmless to plant and animal life, scientists agree. The last oil deposits remain deep in the cracks between shoreline rocks, inaccessible to animals and degraded enough to be "biologically insignificant.... More »

Arctic Boom Awash in Green Risk

Rush to tap vast mineral riches will tax area dearly without needed infrastructure

(Newser) - As the Arctic sea ice melts, it’s uncovering vast resources, leading to an international energy and mining rush. Companies are lining up to explore the region, and nations are reviving Arctic border disputes in hopes of tapping its wealth. But the exploitation of the area’s resources could have... More »

Exxon Ruling Enrages Alaskan Fishermen

Shrunken payout will mean more years of tough work for many

(Newser) - Today's Supreme Court decision to drastically shrink the punitive damages that Exxon must pay Alaskan fishermen over the Valdez spill has left plaintiffs enraged, cynical, and forced to rethink retirement in some cases, the Anchorage Daily News reports. "This is a total slap in the face," said one... More »

Justices Strike Death Penalty for Child Rape

Top court also trims $2.5B Exxon Valdez damages to $500M

(Newser) - The Supreme Court found today that the “death penalty is not a proportional punishment for the rape of a child,” striking down a Louisiana law as cruel and unusual punishment. While the court split 5-4 on the hot-button issue—swing justice Anthony Kennedy penned the opinion—there has... More »

Exxon Asks Court to Toss $2.5B Payout

Supreme's justices appear to be split in Valdez case

(Newser) - Nearly 20 years after the Exxon Valdez spilled 11 million gallons of crude oil in Prince William Sound, the company asked the Supreme Court to reject a ruling that it pay $2.5 billion in punitive damages. Judges appeared split in today's arguments, USA Today reports, making a tie possible... More »

Exxon Valdez Oil Spill Case Bound for Supreme Court

Exxon has paid $3.5 billion over years, but claimants want 'closure'

(Newser) - Almost two decades after the Exxon Valdez spilled 11 million gallons of oil off the Alaskan coast, legal clashes continue—and will reach the Supreme Court this week, the Washington Post reports. At issue is whether Exxon's $3.5 billion payout is enough or should increase to $5 billion, as... More »

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