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Sierra Club

FOR IMMEDIATE RELEASE
JANUARY 26, 2006
2:34 PM

CONTACT:  Sierra Club
Brian O'Malley, (202)675-6279
Megan Lewis, (202)548-6587

 
ExxonMobil: Making Record Profits - Still Not Paying Damages
 

WASHINGTON - January 26 - On Monday, ExxonMobil is expected to announce a record-breaking annual profit of roughly $32 billion for 2005- the largest profit in the history of corporate America. But despite record profits, the world's largest oil company has yet to pay a single penny in the damages they owe to the Alaskan fishermen whose livelihoods were destroyed by the 1989 Valdez oil spill.

On January 27th, Cordova's fisherman will come to San Francisco to demand that the company pays its fair share. The 9th U.S. Circuit Court of Appeals will hear oral arguments about whether the 30,000 plaintiffs affected by the spill will get the $4.5 billion in punitive damages that was awarded to them-but never paid. Around 3000 plaintiffs have died while waiting sixteen years for ExxonMobil to pay punitive damages which amount to small change for the company.

The emotional story of the Prince William Sound fishermen whose lives Exxon changed forever will be told February 9 at 8:30 PM EST/PST in the newest episode of Sierra Club Chronicles on Link TV. "The Day the Water Died" describes the largest oil tanker spill in American history - and how Exxon falsely promised they would pay for the damage. Sixteen years later, local communities are still waiting for their lives to become "whole" again. The full episode will be available for viewing and download for iPods at http://www.sierraclubtv.org/

B-roll of the fishermen reacting to the lawsuit and the town/port of Cordova is available at http://www.sierraclubtv.org/pressroom/. Segments of "The Day the Water Died" can also be used in conjunction with promotion of the episode. Please call for hard copies.

Timeline:

HEARING ON EXXON VALDEZ DAMAGES: Friday, January 27
EXXONMOBIL PROFIT RELEASE: Monday, January 30
SIERRA CLUB CHRONICLES: Thursday, February 9, 8:30 PM EST/PST, Link TV

B-ROLL: Available now at http://www.sierraclubtv.org/pressroom/

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