Exxon Valdez oil spill Exxon Valdez oil spill The "Exxon Valdez" oil spill occurred in Prince William Sound, Alaska, March 24, 1989, when "Exxon Valdez", an oil tanker owned by Exxon Shipping Company, bound for Long Beach, California, struck Prince William Sound's Bligh Reef, 1.5 miles west of Tatitlek, Alaska at 12:04 am local time and spilled (or a mass of 35,000 metric tonnes) of crude oil over the next few days. It is considered to be one of the most devastating human-caused environmental disasters. The "Valdez" spill is the second largest in US waters, after the 2010 "Deepwater Horizon" oil spill, in terms
Exxon Valdez oil spill official position was that punitive damages greater than $25 million were not justified because the spill resulted from an accident, and because Exxon spent an estimated $2 billion cleaning up the spill and a further $1 billion to settle related civil and criminal charges. Attorneys for the plaintiffs contended that Exxon bore responsibility for the accident because the company "put a drunk in charge of a tanker in Prince William Sound." Exxon recovered a significant portion of clean-up and legal expenses through insurance claims associated with the grounding of the "Exxon Valdez". Also, in 1991, Exxon made a quiet, separate