Issue Date: Feb 28, 2013
In 2009, a US court of appeals ordered Exxon Mobil, the largest publicly traded oil company, to pay $1 billion to the victims of 50,000 tonnes of oil spill in Alaska in 1989. But the US Supreme Court reduced the fine to $500 million following appeals by Exxon. The oil spill had damaged 2,100 km of the Alaskan coastline.