Plus, the race to prevent an oil spill off Yemen. By Amelia Nierenberg and Justin Porter The tanker spilled millions of gallons of oil when it ran aground, causing one of the nation’s worst ...

WASHINGTON -- The Supreme Court today cut the $2.5 billion punitive damages award in the 1989 Exxon Valdez disaster to $500 million. The court ruled that victims of the worst oil spill in U.S. history ...

A Jan. 29 Business article incorrectly referred to the 1989 Exxon Valdez disaster as the largest oil spill in history. (Published 1/30/04) A federal judge in Alaska yesterday ordered Exxon Mobil Corp.

CORDOVA, Alaska/SAN FRANCISCO (Reuters) - More than half an inch of oil covered the sea when Dennis Kelso's boat, piled with a few newly dead birds, nudged up against the side of the Exxon Valdez on ...

ANCHORAGE, Alaska (AP) - Before the Deepwater Horizon oil spill in 2010 in the Gulf of Mexico, there was the Exxon Valdez disaster in Alaska. The tanker struck a reef on March 24, 1989, and unleashed ...

More than 11 million gallons of North Slope crude oil poured through the punctured steel hull of a tanker grounded on a wellcharted reef in Prince William Sound on Friday, unleashing the largest crude ...

Nineteen years ago, the supertanker Exxon Valdez, loaded with millions of gallons of crude oil, ran aground in Alaskan waters, resulting in the most notorious oil spill in modern times. After a ...

Since a busted oil well began spewing crude into the Gulf of Mexico a month ago, the catastrophe has constantly been measured against the 1989 Exxon Valdez disaster. The Alaska spill leaked nearly 11 ...

The Supreme Court today threw out a $2.5 billion award of punitive damages against Exxon Mobil Corp. for the 1989 Exxon Valdez oil spill off Alaska, ruling that the award should be limited to the ...