Exxon Valdez litigation ends, but spill’s legacy may be indefinite
Nearly three decades after the disastrous Exxon Valdez oil spill in 1989, the litigation for the remaining cash the state and federal governments could pursue from Exxon is at an end. A clause in the 1991 settlement said up to $100 million could be requested from Exxon for future unknown damage. It was called the re-opener.
Exxon Valdez tanker aground. Off-loading of remaining oil in progress. Photo courtesy of the Exxon Valdez Oil Spill Trustee Council.
In 2006, then-Governor Frank Murkowski an
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