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34

US Court Reduced Exxon's Fine for 1989 Oil Leak

A US court has reduced twice the sum which oil giant Exxon Mobil must pay

A US court has reduced twice the sum which oil giant Exxon Mobil must pay for a 1989 oil spill off Alaska.

The San Francisco Federal appeals court reducedm for the third time, the payment from $4.5bn to $2.5bn saying the previous decision had been excessive.

The case - started in 1994 by more than 32,000 fishermen, native Alaskans and property owners - is one of the longest non-criminal ones in US history.

In the original court ruling, Exxon was ordered to pay out $5bn.