The petroleum industry has had to pay the most for water pollution although they have fought hard to not pay the court fines.
The settlement of the Exxon Valdez oil spill was originally $5 billion, the equivalent of one year’s worth of profit at the time for Exxon, but Exxon’s lawyers successful convinced the court through appeals that the settlement should be reduced to $.5 billion.
Chevron right now has a pending court case in Ecuador for the past damages done by Texaco, which Chevron purchased in 2003. Chevron originally argued that the case should happen in Ecuador since that is where the spill occurred, Chevron was successful and the case was moved to Ecuador. Now the estimated court fines are $27 billion and Chevron is trying to argue lack of jurisdiction of an Ecuadorian court over an American company.
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