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: 10/21/14
In this episode:
North Pacific Council adjusts observer program
Fishermen: bluefin fishing best in 10 years
Catch limit raised for Bristol Bay red king crab
Canadian fishermen fight over lobster size rules
River conference addresses Dead Zone cleanup
National Fisherman Live: 10/7/14
In this episode, National Fisherman Publisher Jerry Fraser talks about the 1929 dragger Vandal.
NOAA and its fellow Natural Resource Damage Assessment trustees in the Deepwater Horizon oil spill have announced the signing of a formal Record of Decision to implement a gulf restoration plan. The 44 projects, totaling an estimated $627 million, will restore barrier islands, shorelines, dunes, underwater grasses and oyster beds.
The Golden Gate Salmon Association will host its 4th Annual Marin County Dinner at Marin Catholic High School, 675 Sir Francis Drake Blvd., Kentfield on Friday, Oct 10, with doors opening at 5:30 p.m.