ALASKA ALMANAC
For Exxon, delay was rewarding
$5 billion -- Amount the jury said Exxon should pay in punitive damages for its Alaska oil spill.
14 -- Years Exxon spent appealing the case before it was finally resolved.
50% -- Reduction in the jury award that Exxon won from the federal appeals court.
90% -- Reduction in the jury award that Exxon won from the U.S. Supreme Court.
$110 million -- Amount of the final award Exxon will pay to itself, thanks to a once-secret settlement of other spill claims with Seattle seafood processors.
1 year -- Time it would have taken Exxon to earn enough profit to cover the $5 billion award when it was handed down in 1994.
5 days -- Time it will take Exxon to earn enough profit to cover the final award set by the Supreme Court.
5.9% -- Annual interest rate Exxon will pay on the award covering the 14 years of appeals.
12% -- Minimum annual amount Exxon earned as it held onto the money due Alaskans during those 14 years.
$40 billion -- Exxon's profits in 2007.
No comments:
Post a Comment