Twenty years ago, the Exxon Valdez supertanker spilled at least 11 million gallons of oil into Alaska’s pristine Prince William Sound. The consequences of the spill were epic and continue to this day, impacting the environment and the economy.
Nineteen years ago, the Exxon Valdez supertanker struck a reef in Alaska, causing an environmental catastrophe so devastating its impact continues to be felt. A court later slapped Exxon with $5 billion in punitive damages, but on Wednesday the Supreme Court ruled that the oil giant shouldn’t have to pay more than about a tenth of that amount.