Jes Hathaway is the editor in chief of National Fisherman magazine and NationalFisherman.com.
Written by Adrianne Madden
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: 3/10/15
In this episode, Online Editor Leslie Taylor talks with Mike McLouglin, vice president of Dunlop Industrial and Protective Footwear.
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
NMFS announced two changes in regulations that apply to federal fishing permit holders starting Aug. 26.
First, they have eliminated the requirement for vessel owners to submit “did not fish” reports for the months or weeks when their vessel was not fishing.
Some of the restrictions for upgrading vessels listed on federal fishing permits have also been removed.Read more...
Alaskans will meet with British Columbia’s Minister of Energy and Mines, Bill Bennett, when he visits Juneau next week and will ask him to support an international review of mine developments in northwest British Columbia, upstream from Southeast Alaska along the Taku, Stikine and Unuk transboundary rivers.
Some Alaska fishing and environmental groups believe an international review is the best way to develop specific, binding commitments to ensure clean water, salmon, jobs and traditional and customary practices are not harmed by British Columbia mines and that adequate financial assurances are in place up front to cover long-term monitoring and compensation for damages.Read more...