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: 2/26/15
In this episode, National Fisherman's Online Editor Leslie Taylor speaks with Rick Constantine, vice president of marketing, Acme United Corporation, about Cuda corrosion resistant knives.
National Fisherman Live: 2/24/15
In this episode:
March date set for disaster aid dispersal
Oregon LNG project could disrupt fishing
NOAA tweaks gear marking requirement
N.C. launches first commercial/recreational dock
Spiny lobster traps limits not well received
Today Sen. Lisa Murkowski (R-AK) introduced legislation to extend a permanent exemption for incidental runoff from small commercial fishing boats.
The National Working Waterfront Network is now accepting abstracts and session proposals for the next National Working Waterfronts & Waterways Symposium, taking place Nov. 16-19 in Tampa, Fla. The deadline is Tax Day, April 15.Read more...