Judge cuts Exxon Valdez damages award by $1bn

A federal judge has cut the damages awarded against the Exxon Corporation for the Exxon Valdez oil spill by $1bn.

A federal judge has cut the damages awarded against the Exxon Corporation for the Exxon Valdez oil spill by $1bn.

The award relates to the spilling of 11 million gallons of crude oil into Prince William Sound, Alaska, 13 years ago.

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