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: 9/9/14
In this episode:
Seafood Watch upgrades status of 21 fish species
Calif. bill attacking seafood mislabeling approved
Ballot item would protect Bristol Bay salmon
NOAA closes cod, yellowtail fishing areas
Pacific panel halves young bluefin harvest
National Fisherman Live: 8/26/14
In this episode, National Fisherman Publisher Jerry Fraser talks about his early days dragging for redfish on the Vandal.
More than a dozen higher education institutions and federal and local fishery management agencies and organizations in American Samoa, Guam, the Commonwealth of the Northern Mariana Islands and Hawaii have signed a memorandum of understanding aimed at building the capacity of the U.S. Pacific Island territories to manage their fisheries and fishery-related resources.