In Mixed Catch, NF Senior Editor Linc Bedrosian spotlights a wide range of commercial fishing-related news items from coast to coast.
Tuesday, 16 June 2009
So is anybody jazzed that Exxon Mobil has been ordered to pay about $500 million in interest on the 507.5 million in punitive damages payments to plaintiffs in the 1989 Exxon Valdez oil spill in Prince William Sound?
Yeah, I didn't think so.
It's understandable. After all, Exxon can still appeal the 9th U.S. Circuit Court of Appeals in San Francisco's ruling. Given the years of protracted legal wrangling Exxon engaged in to whittle the punitive damages sum from $5 billion to $500 million, would it be surprising if the oil giant does so again?
If the appeals court's decision stands, average payments to Alaska natives, fishermen, related businesses and others harmed by the spill would double from $15,000 to $30,000. Considering the toll upon fishermen — years of lost income, families torn apart while waiting for years for the case to resolve — you can understand it if folks aren't jumping up and down for joy.
And if Exxon does appeal the ruling to the Supreme Court, who knows how long it'll take to render a decision? Hence, readers commenting on the Anchorage (Alaska) Daily News http://www.adn.com/2009/06/15/831867/court-rules-exxon-owes-a-billion.html article announcing the court's decision were underwhelmed by the ruling.
Asked one reader, "Do we REALLY believe that these folks will ever see any more money from Exxon?"
After years of disappointment, the plaintiffs will believe it when they see it.
National Fisherman Live: 10/21/14
In this episode:
North Pacific Council adjusts observer program
Fishermen: bluefin fishing best in 10 years
Catch limit raised for Bristol Bay red king crab
Canadian fishermen fight over lobster size rules
River conference addresses Dead Zone cleanup
National Fisherman Live: 10/7/14
In this episode, National Fisherman Publisher Jerry Fraser talks about the 1929 dragger Vandal.
NOAA and its fellow Natural Resource Damage Assessment trustees in the Deepwater Horizon oil spill have announced the signing of a formal Record of Decision to implement a gulf restoration plan. The 44 projects, totaling an estimated $627 million, will restore barrier islands, shorelines, dunes, underwater grasses and oyster beds.
The Golden Gate Salmon Association will host its 4th Annual Marin County Dinner at Marin Catholic High School, 675 Sir Francis Drake Blvd., Kentfield on Friday, Oct 10, with doors opening at 5:30 p.m.