According to a Reuters article http://uk.reuters.com/article/oilRpt/idUKN2544489520080625 on the decision, the court ruled that the $2.5 billion sum — which previous legal wrangling had whittled down from the original $5 billion total a jury determined in 1994 — was excessive under federal maritime law. Instead, the court set the award amount at $507.5 million, limiting the total to an amount equal to relevant compensatory damages.
I wish I knew how to elegantly sum up the feelings that are surely welling up with this decision. Anger, disillusionment, despair, depression, bitterness are just some of the emotions I imagine the 33,000 people whose livelihoods and lives have been irreparably harmed by the Valdez spill are feeling.
For years, Exxon has fought against having to pay the $2.5 billion award. According to the Reuters article, Exxon-Mobil generated $2.5 billion in two days during the first quarter of 2007 — a year in which the oil giant enjoyed record earnings of $40.6 billion.
Alaska Sens. Lisa Murkowski and Ted Stevens and Rep. Don Young aren’t pleased.
“Today’s ruling adds insult to injury to the fishermen, communities and Alaska natives who have been waiting nearly 20 years for proper compensation following the worst environmental disaster in our nation’s history,” they said in a joint press statement.
“As a result of today’s ruling, we are redoubling efforts to get signed into law the delegation plan to give the 33,000 victims of the 1989 Exxon Valdez oil spill the ability to increase retirement contributions and to provide tax relief through income averaging of the individual settlement amounts.”
As the legal wrangling stretched out year after year, some 6,000 of the plaintiffs died. The court battle also took a toll on fishermen, their marriages, their families, their communities.
But they waited for a resolution, hoping it would let them get on with their lives.
This is what everyone’s been waiting for? This is closure?