Exxon Mobil Fored to Pay Up for the Spill of the Past

In 1989, Exxon Mobil experienced a massive Valdez oil spill and the company had to pay $900 million to clean it up, plus an extra $100 million to the state of Alaska and federal authorities for potential unforseen future problems such as health affects and other damages that can occur. Today, the agreement is expired and Exxon Mobil must pay up another $92 million in damages. The company can attempt to fight back. Exxon Mobil claims that there are no impacts from the spill of the past which occured in 1989 within the Prince William Sound in Alaska. According to numerous (endless I should say) claims, Exxon Mobil received a budget plan for the remaining cleanup, and it states that excess oil is still trapped under rock layers which spread onto some nearby beaches. In 1991, Exxon Mobil had to pay $300 million due to business lost claims from local fishermen who rely on healthy fish from the sound in ourder to make a living (which brings up another state suit... animals are being harmed... economic slowdown etc.) I think there are two sides to the story here; Exxon Mobil has a point... this is the past and they are a business just like the fishermen, the state could possibly be using them like an ATM machine simply because they are a billion dollar corporation. On the other hand, the state of Alaska has a point, who is going to pay for the environmental affects to the animals who are used by the residents for business. Exxon Mobil continues to appeal all the claims, but it seems like its going nowhere. Do you think Exxon Mobil needs to pay up or should the state ease down a bit? Blab on... leave a comment>>