Īfter a trial, a jury ordered ExxonMobil to pay $5 billion in punitive damages, though an appeals court reduced that amount by half. The renamed tanker is legally owned by a small, stand-alone company, which would have minimal ability to pay out on claims in the event of a further accident. The renamed subsidiary, though wholly Exxon-controlled, has a separate corporate charter and board of directors, and the former Exxon Valdez is now the SeaRiver Mediterranean. Exxon later removed the name 'Exxon' from its tanker shipping subsidiary, which it renamed ' SeaRiver Maritime'. John Devens, the Mayor of Valdez, has said his community felt betrayed by Exxon's inadequate response to the crisis. Įxxon was widely criticized for its slow response to cleaning up the disaster. It had a devastating effect on the local Alaska Native populations, many of which had for centuries relied largely on fishing to survive.

Billions of salmon and herring eggs were also killed. Because carcasses typically sink to the seafloor, it is estimated the death toll may be 250,000 seabirds, 2,800 sea otters, 300 harbor seals, 250 bald eagles, and up to 22 killer whales. Carcasses were found of over 35,000 birds and 1,000 sea otters. The State of Alaska's Exxon Valdez Oil Spill Trustee Council stated that the spill 'is widely considered the number one spill worldwide in terms of damage to the environment'. The March 24, 1989, Exxon Valdez oil spill resulted in the discharge of approximately 11 million US gallons (42,000 m 3)of oil into Prince William Sound, oiling 1,300 miles (2,100 km) of the remote Alaskan coastline. Main article: Exxon Valdez oil spill Exxon Valdez oil spill cleanup According to the 2021 Arctic Environmental Responsibility Index (AERI), ExxonMobil is ranked as the 6th most environmentally responsible company among 120 oil, gas, and mining companies involved in resource extraction north of the Arctic Circle. As of 2005, ExxonMobil had committed less than 1% of their profits towards researching alternative energy, which, according to the advocacy organization Ceres, is less than other leading oil companies. A 2017 report places ExxonMobil as the fifth largest contributor to greenhouse gas emissions from 1998 to 2015. In 2018, the Political Economy Research Institute ranks ExxonMobil tenth among American corporations emitting airborne pollutants, thirteenth by emitting greenhouse gases, and sixteenth by emitting water pollutants. The latter of which has given rise to ExxonMobil being referred to as a 'private empire', a describer first used by journalist Steve Coll.ĮxxonMobil's environmental record has faced much criticism for its stance and impact on global warming. The largest direct descendant of Standard Oil is also attributed to various human rights violations, especially in Indonesia, and for its vast possession and usage of geopolitical influence. Signs protesting against ExxonMobil made by Extinction RebellionĪs the world's largest majority investor-owned oil and gas corporation, ExxonMobil has received significant amounts of controversy and criticism, mostly due to its activities which increase the speed of climate change and its denial of global warming. © 2024 NYP Holdings, Inc.Overview of controversies and criticisms of ExxonMobil I am both embarrassed, humiliated and extremely remorseful.” “I suffered both professionally and personally the widespread publicity this issue has generated. “I deeply regret my actions in this manner that led to this hearing today,” Schwartz said, voice shaking. “I would like to sincerely apologize to your honor, to this court, to the defendants, to my firm,” Schwartz said during the packed court hearing. Steven Schwartz, of Tribeca law firm Levidow, Levidow & Oberman, told a Manhattan federal judge that he was “humiliated” by the flub, saying he believed he was using a “search engine” and never fathomed the AI app would provide fake case law. World’s first AI beauty pageant to award hottest bot $13K - here’s who really gets the moneyĪ New York attorney who used ChatGPT to write a legal brief - citing bogus cases - profusely apologized in court Thursday, becoming emotional as he explained being “duped” by the artificial intelligence chatbot. Tech exec predicts ‘AI girlfriends’ will create $1B business: ‘Comfort at the end of the day’ Mark Zuckerberg’s Meta releases early versions of Llama 3 AI model in bid to catch ChatGPT

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