National Fisherman


The Rudderpost 

jesJes Hathaway is the editor in chief of National Fisherman magazine and NationalFisherman.com.

 

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.

Inside the Industry

The Downeast Salmon Federation has received a major grant from the U.S. Endowment for Forestry and Communities to ensure and improve the water quality of eastern Maine’s most important rivers, according to the Ellsworth American.

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Louisiana crab fishermen and their catch are feeling the pressure of a downturn in the state economy, and a resulting upturn of people entering the fishery.

“It’s a crazy business right now,” said Pete Gerica, the New Orleans fisherman who now serves as president or the Louisiana Crab Task Force, a legislatively-created board of industry voices that makes recommendations to state government.

Read more...

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