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Exxon can appeal $2.5bn oil fine Exxon can appeal $2.5bn oil fine
(10 minutes later)
Exxon Mobil has won the right to appeal against $2.5bn in damages relating to a 1989 Alaskan oil spill.Exxon Mobil has won the right to appeal against $2.5bn in damages relating to a 1989 Alaskan oil spill.
The US Supreme Court said it would hear the appeal against damages due to victims of the Valdez oil spill.The US Supreme Court said it would hear the appeal against damages due to victims of the Valdez oil spill.
The case has dragged on since 1994, with US oil giant Exxon fighting to reduce the amount, which the company has called excessive.The case has dragged on since 1994, with US oil giant Exxon fighting to reduce the amount, which the company has called excessive.
In what was one of the biggest ever oil spills, 11 million gallons of crude were released into Alaska's wilderness.In what was one of the biggest ever oil spills, 11 million gallons of crude were released into Alaska's wilderness.
About 1,300 miles (2,080km) of coastline was contaminated as a result of the oil spill, which occurred after the Exxon Valdez tanker crashed into a reef.
Its captain, Joseph Hazelwood, admitted drinking vodka before boarding the vessel, but was subsequently acquitted of operating a ship while intoxicated.
Exxon argues that it cannot be held responsible for the actions of Mr Hazelwood and says that the $2.5bn penalty is excessive.