Exxon/Mobil CEO, Lee Raymond, joyfully reported that this quarter’s profit of $9.28 billion exceeded last quarter’s record-breaking profit of $8.4 billion.
Of course none of this obscene profit that you and I are paying for with inflated gas prices is being spent to clean up the world’s greatest oil spill disaster.
This occured on March 23, 1989 at 9:12 P.M., when the tanker, Exxon Valdez ran aground, ripping open, and spilling 11 million gallons of crude oil into pristine William Sound, Alaska as its captain, Joseph Hazelwood, lay drunk in his bunk, leaving its navigation to inexperienced Third Mate, Gtregory Cousins.
While Exxon Mobil jacks up the price of your gas artificially, and its CEO gets millions in salary, bonuses, jets, yachts, mansions and other perks, he fights tooth and nail against his company paying for the spill.
In 1994, in the case of Baker vs. Exxon, an Anchorage jury awarded $287 million for actual damages and $5 billion for punitive damages. The punitive damages amount was based on a single year’s profit by Exxon at that time.
Exxon appealed the ruling and the 9th U.S. Circuit Court of Appeals ordered the original judge, Russel Holland, to reduce the punitive damages. On December 6, 2002, the judge announced that he had reduced the damages to $4 billion, which he concluded was justified by the facts of the case and was not grossly excessive.
Exxon appealed again, sending the case back to court to be considered in regard to a recent Supreme Court ruling in a similar case, which caused Judge Holland to increase the punitive damages to $4.5 billion, plus interest.
To this day, Exxon/Mobil has spent nothing on the spill, but continues to spend millions fighting the court’s order. Thousands of fishermen in the spill area have seen their livelihood destroyed as today, 19 years later, the bay remains a toxic wasteland.
The environmental damage is irreparable. Millions of birds, sea mammals and other wildlife were killed, and once-white beaches are gummy with black crude oil to this day.
Not only is Exxon/Mobil a truly repulsive corporate entity….it has been revealed that they paid pseudo-scientists to debunk global warming……but sadly, the Bush government has taken no action to force the company to meet its legal obligations regarding the oil spill, allowing them to continue along this path of profits, profits, profits, for themselves as well as the Bush,Cheney oil gang.
I urge you to boycott Exxon/Mobil and its products! This repulsive company is feeding on artificially inflated gas prices at your pump and is desperately fighting to prevent and debunk every source of alternate energy except fossil fuel.