YES, you read it right. ExxonMobil has posted an ENORMOUS profit in the last quarter. They make clear profits of roughly EIGHTEEN MILLION DOLLARS every second.
Normally, I would have no problem with a legit company making such a hefty profit but according to this article (thanks again Treehugger) ExxonMobil has yet to make good on any reparation costs associated with the colossal blunder we all know as the Exxon-Valdez oil tanker spill of March 24, 1989. All you have to do is Google some and there is a huge amount of info available on the subject.
The company, assuming it will actually buck up for the $500 M in reparation payments in the first place, now owes about another $500 Million in interest payments on the original judgment value for the past 12 years since the judgment was delivered back in 1996. In June this year the company was let off the hook for the original reparation sum of $2.5 Billion (yes that is a B!) by the Supreme Court. The company was deemed "worse than negligent but less than malicious" by the judge. Whatever that means.
Folks, $500 Million adds up to about 3 days worth of profits for ExxonMobil.
THREE DAYS of profits would pay off their debt to society that has been looming for how long now? It's been almost two decades since the oil spill. That is just disgusting. Corporate greed at it's finest.
I for one will NOT be going anywhere near any filling station that has that stain of a name on the sign out front. Not even to use the bathroom. (Photo from Wikipedia)
Folks, $500 Million adds up to about 3 days worth of profits for ExxonMobil.
THREE DAYS of profits would pay off their debt to society that has been looming for how long now? It's been almost two decades since the oil spill. That is just disgusting. Corporate greed at it's finest.
I for one will NOT be going anywhere near any filling station that has that stain of a name on the sign out front. Not even to use the bathroom. (Photo from Wikipedia)
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