25 Jun 2008 Supreme Court Cuts Exxon Valdez Oil Spill Damages has already paid more than $3 billion in penalties, cleanup and compensation costs. 1 Jun 2006 At the time of the settlement, Exxon agreed to pay the governments $900 million in installments for costs and for natural resource damages known 29 Apr 2010 But how does this spill stack up to the biggest oil disasters in history? Oil Spilled: 1 million barrels Cost in 2010: $85 million In April 1991, the M/T Perhaps one of the most memborable oil spills in history, the Exxon Valdez 3 May 2010 The BP oil spill will cost an estimated $12.5 billion or more. That would be nearly 80 percent higher than the cost of the Exxon Valdez spill in 24 Mar 1989 Exxon Mobil has reportedly paid $4.3 billion as a consequence of the spill, including cleanup costs and various legal settlements, court verdicts Shortly after midnight on March 24, 1989 the oil tanker Exxon Valdez struck Bligh Sound, Alaska resulting in one of the largest oil spills in United States history. the the 10 year period if they felt there were still additional costs for cleanup.
On January 16, 2018, BP PLC announced it would take a $1.7 billion charge for expenses related to the 2010 Deepwater Horizon oil spill. It expects cash payments of $3 billion for the year. As of July 14, 2016, BP had spent $61.6 billion in court fees, penalties, and clean-up costs.
The cost of losing 2,800 of these endangered species is $140 million. Exxon paid between $40,000-$90,000 to rehabilitate them, confirming the otter's value. Harbor seals go for $20,000, so losing 302 costs $604,000. Most seabirds cost $300 each, so losing 250,000 costs $75 million. Eagles cost $22,000 to rehabilitate, so 140 are worth $3 million. Cleaning up the Exxon Valdez disaster took four summers and cost approximately $2 billion, according to the Exxon Valdez Oil Spill Trustee Council. The Exxon Valdez spill in 1989 was relatively small compared to large spills outside of the US, but it was an expensive mess. The ship wrecked on a reef and dumped its crude cargo into Prince William Sound, an extremely sensitive ecosystem off the Alaskan coast. But Exxon fought that verdict through a series of appeals that concluded 19 years after the spill with the U.S. Supreme Court arbitrarily reducing the amount to $507 million—nothing to Exxon, the
In 1996, the federal government and the state of Alaska notified Exxon that, pursuant to the reopener, additional restoration would be necessary to address long-term environmental damages and clean up lingering oil, at an estimated cost of $92 million.
9 Mar 2018 Exxon payed about $2 billion in cleanup costs and $1.8 billion for habitat restoration and personal damages related to the spill. Cleanup workers 22 Mar 2019 Over nearly 90 days the broken well pumped 680,000 tons (approximately 5 million barrels) of oil into the Gulf. The spill cost oil company BP an
On January 16, 2018, BP PLC announced it would take a $1.7 billion charge for expenses related to the 2010 Deepwater Horizon oil spill. It expects cash payments of $3 billion for the year. As of July 14, 2016, BP had spent $61.6 billion in court fees, penalties, and clean-up costs.
The Major Ones. The 1989 Exxon Valdez spill cost $3.8 billion, but the lawsuits continue. The 2015 El Capitan State Beach spill in Goleta, CA, with 2,500 barrels of oil from a pipeline cost $62 million to clean up 100 miles of coast line.
25 Mar 2014 This spill of 38,500 tonnes of crude oil made the Exxon Valdez the This workforce was costly; Exxon paid each worker 1,000 dollars per week
As of December 15, 2009, Exxon had paid the entire $507.5 million in punitive damages, including lawsuit costs, plus