Walter B. Parker Act, which was signed into law in 1980 by U.S. President Jimmy Carter. On March 24, 1989, the Exxon Valdez oil tanker struck Bligh Reef in Prince William Sound, spilling an estimated 260,000 to 750,000 barrels of crude oil. The Exxon Valdez oil spill was a major environmental disaster for the state. Governor Steve Cowper, who held office at the time of the spill, appointed Walter Parker as the chairman of the Alaska Oil Spill Commission in 1989. The Alaska Oil Spill Commission was created by the Alaska state government to investigate the causes of the Exxon Valdez oil spill.
Aegean Sea tanker oil spill of the monetary liability. After being anchored for a few days off the coast of A Coruña due to weather hazards, "Aegean Sea" was ordered into port by port authorities. Due to this, on 3 December 1992, the oil-ore Greek carrier ship "Aegean Sea", ran aground off the coast of Galicia at nearly 5 a.m. The ship was on its route to A Coruña, Spain, from Sullom Voe, Scotland. Allegedly, a heavy storm managed to push the ship off course and cause her to run aground. A rescue team was sent immediately but failed to keep the ship from breaking