U.S. Supreme Court “eases up” on big oil, shrinks Exxon Valdez Oil Spill damages ordered by lower court from $2.5 Billion to $500 million

Dreaming of the America that put ‘PEOPLE BEFORE PROFITS….’

The following is an article found here, it was written by by Ned Turner at abcnews.go.com:

While the Supreme Court agreed that ExxonMobil should be punished for the worst oil spill in U.S. history, it decided that the original fine was far too much, under existing shipping laws.

In a 5-3 decision the court reduced punitive damages in the case from $2.5 billion to $500 million, which means each of the people who joined the original suit against the oil company will receive an average of $15,000. Thirty-three thousand Alaskans had joined together, suing ExxonMobil to punish it for its negligence in the accident. Six thousand of them have died since the Exxon Valdez ran aground in Prince William Sound, Alaska, on March 24, 1989.

“A penality should be resonably predicatable in its severity,” wrote Justice David Souter for the 5-3 majority. Justice Samuel Alito, who owns ExxonMobil stock, did not take part in the case.”

Floods drive thousands from their homes, $736 million in property damage around Des Moines, Iowa as Levee fails

DES MOINES, Iowa: As soon as she heard the knocks at 4:30 a.m., Milissa Serck knew who it was. And what it meant.

“Boom. Boom. Boom,” Serck said, leaning back on a shelter cot. “That’s the police. No one else knocks like that. No one else knocks at that time.

“I knew we had to get out.”

Water was rushing down the street when Serck, her son and daughter fled their home in Des Moines’ Birdland neighborhood, where the Des Moines River poured in after a levee breach early Saturday.

Several Iowa cities and towns suffered in historic flooding, though by far the worst was in Cedar Rapids, where an estimated 1,300 blocks — 9.2 square miles — were underwater. Some 24,000 people were forced from their homes and early estimates put property damage at $736 million. Read more here.