Courtesy Greg Palast

[Thursday, June 26, 2008] Twenty years after Exxon Valdez slimed over one thousand miles of Alaskan beaches, the company has yet to pay the $5 billion in punitive damages awarded by the jury. And now they won’t have to. The Supreme Court today cut Exxon’s liability by 90% to half a billion. It’s so cheap, it’s like a permit to spill.

Exxon knew this would happen. Right after the spill, I was brought to Alaska by the Natives whose Prince William Sound islands, livelihoods, and their food source was contaminated by Exxon crude. My assignment: to investigate oil company frauds that led to to the disaster. There were plenty.

But before we brought charges, the Natives hoped to settle with the oil company, to receive just enough compensation to buy some boats and rebuild their island villages to withstand what would be a decade of trying to survive in a polluted ecological death zone.

In San Diego, I met with Exxon’s US production chief, Otto Harrison, who said, “Admit it; the oil spill’s the best thing to happen” to the Natives.

His company offered the Natives pennies on the dollar. The oil men added a cruel threat: take it or leave it and wait twenty years to get even the pennies. Exxon is immortal – but Natives die.

And they did. A third of the Native fishermen and seal hunters I worked with are dead. Now their families will collect one tenth of their award, two decades too late.
In today’s ruling, Supreme Court Justice David Souter wrote that Exxon’s recklessness was ”profitless” – so the company shouldn’t have to pay punitive damages. Profitless, Mr. Souter? Exxon and its oil shipping partners saved billions – BILLIONS – by operating for sixteen years without the oil spill safety equipment they promised, in writing, under oath and by contract.

The official story is, “Drunken Skipper Hits Reef.” But don’t believe it, Mr. Souter. Alaska’s Native lands and coastline were destroyed by a systematic fraud motivated by profit-crazed penny-pinching.

Here’s the unreported story, the one you won’t get tonight on the Petroleum Broadcast System:

Article Continues @ Sourced Site.

Editorial Comment: Hey I know its old, but its worth reading again. -Shinai