Tuesday, January 31, 2006

When corporations rule the world


"Exxon Mobil, aided by strong energy prices, disclosed Monday that it had set a record for profits among American companies, reporting $36 billion in annual income. But while most companies would be proud to trumpet record profits, Exxon Mobil did everything it could to play down the news.

"For Exxon Mobil, which also handily widened its lead over Wal-Mart as the company with the largest revenues in the nation, the report was an embarrassment of riches. Anxious about criticism of the results, executives began laying the groundwork months ago to try to prevent a political reaction against the company and the energy industry."
-- "Exxon Mobil Corp. urged a federal appeals court Friday to erase a jury's $5 billion judgment against the oil giant for the 1989 Valdez oil spill, one of the country's worst environmental disasters.

"Exxon attorney Walter Dellinger told a three-judge panel of the 9th U.S. Circuit Court of Appeals that the company should be liable for no more than $25 million in punitive damages. Punitive damages are meant to deter and punish misconduct."
--
David Kravets, Associated Press, full article here.

Exxon Valdez disaster- 15 years of lies

Exxon Mobil's pseudo science web site

"To see full recovery is just going to take a lot longer, I think, than anyone had ever anticipated. We don't even know if there will be complete recovery achieved in the next 10 years."

-- Molly McCammon, Exxon Valdez Oil Spill Trustee Council (in 1999, 7 years ago)

The official website of the Exxon Valdez victims.

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