Oil contamination, Alaska“It’s like a permit to spill.”

Twenty years after Exxon Valdez slimed over one thousand miles of Alaskan beaches, the company has yet to pay the $5 billion in punitive damages awarded by the jury. And now they won’t have to. The Supreme Court today cut Exxon’s liability by 90% to half a billion. It’s so cheap, it’s like a permit to spill.”

Supreme Court Justice David Souter wrote that Exxon’s recklessness was ‘’profitless'’ - so the company shouldn’t have to pay punitive damages. Profitless, Mr. Souter? Exxon and its oil shipping partners saved billions - BILLIONS - by operating for sixteen years without the oil spill safety equipment they promised, in writing, under oath and by contract.

The official story is, “Drunken Skipper Hits Reef.” But don’t believe it, Mr. Souter. Alaska’s Native lands and coastline were destroyed by a systematic fraud motivated by profit-crazed penny-pinching.

- Greg Palast: Link.