Jes Hathaway is the editor in chief of National Fisherman magazine and NationalFisherman.com.
Wednesday, 01 July 2009
I have to admit, when I read the news of Exxon's opting not to appeal the 9th Circuit Court's ruling that the oil giant must pay interest on its meager settlement in the 20-year Valdez fight I was first excited for the stakeholders, then a little suspicious.
Why would Exxon give up their epic battle now, especially after their series of victories that slowly ratcheted down the damages due from $5 billion to roughly $500 million?
Perhaps they fired all of their ace lawyers and decided it was time to fare well in the court of public opinion for once. But one tiny concession is not likely to curry too much favor with Alaskans, who value all of their natural resources and won't soon forget this two-decade war.
Maybe the truth is Exxon saw the writing on the wall with this one. After all, that's what high-powered, well-paid attorneys are for: to provide stellar representation and a reasonable assessment of the outcome of the fight. And they certainly were right in their push to take the damages case all the way to the Supreme Court. (I wonder if Norm Coleman wishes he'd had the same legal team.)
So there you have it. Big oil's answer to the O.J. Simpson trial has finally been put to rest, and the check's in the mail.
National Fisherman Live for March 11, 2014
Governor Terry McAuliffe announced today the appointment of John M.R. Bull as Commissioner of the Virginia Marine Resources Commission. John Bull has been with the Virginia Marine Resources Commission since June 2007 and has been serving as Acting Commissioner since January 2014.
PORTSMOUTH, NH - The New Hampshire Fish and Lobster Festival, known locally as Fishtival, invites the community to Portsmouth's Prescott Park each September to honor, celebrate and rediscover the proud tradition of small-scale, local commercial groundfishing in New Hampshire and its valuable contribution to our local food system, local economy and local culture. Now, the mission continues with the announcement of small grants available from the proceeds of the 2013 event.