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Exxon faces $1 billion fine for sabotaging Texas oil wells

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ensho Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 11:22 AM
Original message
Exxon faces $1 billion fine for sabotaging Texas oil wells

http://rawstory.com/08/news/2009/07/18/exxon-faces-1-billion-fine-for-sabotaging-texas-oil-wells/


ExxonMobil’s sabotage of some 100 Texas oil wells in the past 17 years — going so far as to plug up some wells with explosives — means the world’s largest oil company could be liable for penalties of up to $1 billion, the Texas General Land Office says.

-snip-

“Exxon committed irrefutable, intentional and flagrant violations of state rules regulating the oilfield,” Patterson said in a statement (PDF).

-snip-

Under Texas state rules, ExxonMobil could be fined as much as $10,000 per sabotaged oil well per day, or some $1 billion in all.
-snip-
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Is there anything Exxon does that is not criminal?
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juno jones Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 12:47 PM
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1. K&R!
Edited on Tue Jul-21-09 12:48 PM by juno jones
This seems too important to sink. How else are they sabotaging domestic energy production? Why?
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gratuitous Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jul-21-09 01:06 PM
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2. Yeah, a fine will show them!
Considering they haven't paid the first dime on the Valdez judgment from 20 years ago, I hardly think the State of Texas is going to impose a fine on ExxonMobil or realize a penny on those fines anytime soon. ExxonMobil is above the law.

God, that's as depressing to type as it is to think about.
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Lilith Velkor Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-22-09 09:13 AM
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3. !
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Vidar Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-22-09 09:41 AM
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4. Confiscating their property would be more effective.
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derby378 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jul-22-09 09:42 AM
Response to Reply #4
5. And $1 billion worth of Exxon/Mobil property seized by Texas...
Now that would make the CEO reach for the antacid.
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