ExxonMobil asks for review of oil spill fine- About: Oil and Gas News

Exxon, is arguing the high court should overturn the original lower court damages verdict, because maritime law does not allow imposition of such a large punitive award. The company says the punitive award was improperly calculated and an unacceptably high multiple of actual compensatory damages. ExxonMobil has argued punitive damages should be no more than US$25 million, based on actual compensation given to commercial fishermen for the loss of their harvests. Talks are underway to secure peace deals between the insurgents and the Western coalition in specific areas in Afghanistan with the longer-term goal of incorporating the Taliban into the political process both in Kabul and in provincial governments. read more

[Tags]court, damages, punitive, actual, award, exxon, oil and gas news[/Tags]

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