victims‚ there still is not enough to cover the debts of the fishermen and to recover the economy. Even though Exxon agreed to plead guilty of criminal charges and to pay restitution for the damages caused‚ the litigation had reached the Supreme Court. This disaster had no effect on the company’s profits or stock price despite the large fines imposed. Even when damages were imposed on Exxon‚ with $5 billion in punitive damages‚ the company still continued to grow. The Supreme Court had outraged the
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Cover Page Introduction ………………………………………………….pg 2 The Exxon Valdez oil spill……………………………………pg 2 Short term effects……………………………………………pg 3 Long term effects……………………………………………pg 3 Canges after the spill………………………………………..pg 4 Legal settlement……………………………………………..pg 4 Reference…………………………………………………….pg 4 Introduction On March 24‚ 1989‚ the tanker Exxon Valdez‚ en route from Valdez‚ Alaska to Los Angeles‚ California‚ ran aground
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Exxon Valdez Oil Spill ABSTRACT In March of 1989‚ the Exxon Valdez oil tanker ran aground on Bligh Reef in Prince William Sound‚ Alaska. An eighteen foot wide hole was ripped into the hull‚ and 10.9 million gallons of crude oil spilled into the ocean. In the following weeks‚ many things transpired. This paper will discuss the cleanup‚ the damage‚ and the results of the biggest oil spill in United States history. On March 24‚ 1989‚ in Prince William Sound Alaska‚ the Exxon Valdez was moving
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Alexa Resnick What does the safety legislation implemented after the Exxon Valdez oil spill say about the government’s changing role in protecting against environmental hazards and how have the laws since then become stricter? One of the biggest take-aways from the Exxon Valdez oil spill was that prevention techniques and response capability were not effective enough. The large-scale shipment of oil on supertankers during the 1960s made a serious accident almost unavoidable. During the 1980s‚ safety
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companies. Noble Energy Inc. (NBL) is independent oil and gas company with a market capitalization is 15.176B and is considered one of the smaller organizations within the energy industry (Yahoo Finance‚ 2018a). Exxon Mobil (XOM) on the other hand has a market capitalization of $323.309B
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EXXON VALDEZ OIL SPILL Relevant Facts On March 24‚ 1989‚ there were several ruptured tanks of the Exxon Valdez that allowed approximately 11 million gallons of crude oil to pour into the Gulf of Alaska. As soon as this happened‚ it started what would be described as one of the most dreadful environmental disasters in the history of oil drilling. A few months after‚ there were enormous surges of wind and waves that caused the oil to spread further out into the shorelines of Prince
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Since 1986‚ Exxon employees have been doing "normal‚ exceptionally well." One of the keys to our continued success has been our commitment to excellence and integrity in our Premier recently stated values. All employees‚ middle managers and directors of the Company must respect our traditional code of conduct to ensure that all our business units behave and act in a consistent manner from ethically and legally. The Code of Conduct is the basis for the comprehensive and ongoing compliance of all
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make a big change in history. Due to the Exxon Valdez oil spill‚ wildlife died‚ and water and land was contaminated. It took over 10 years and a lot of work from people to return the area of the spill to normal. The people came and rescued the animals so the animals wouldn’t be endangered and the people helped to clean up the oil. About 32‚200 victims of the Exxon Valdez were involved of this .(1) In Alaska there have been some issues with the Exxon Valdez‚ the tanker was leaking oil. The
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Morality and Ethics (Exxon Case) As two members of our group are children of sea captains‚ the case of Exxon Valdez oil spill was extremely interesting for our team. It demonstrates that irresponsible behavior of people can lead to the most devastating human-caused environmental disasters of the past century. Multiple factors have been identified as contributing to the incident. In our group’s opinion‚ the most important are: the captain was drunk being on duty‚ the third mate failed to properly
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Exxon: Yesterday‚ Today and Tomorrow Monique Barnett Southern New Hampshire University Abstract This paper will provide a brief history of the corporation Exxon‚ and a description of CSR issues that the company has endured. It will describe the impact on organizational‚ economic‚ and societal stakeholders of Exxon. It will explore the current status of the corporation by looking into the CSR failure filter‚ strategic CSR‚ and will identify two of the five driving forces
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