Opinion

Commentary: Exxon's surprising move

Exxon Mobil's decision to accept an appeals court judgment that it owes $470 million in interest to those hurt by the 1989 Exxon Valdez oil spill is cause for celebration. The oil giant could have carried the battle to the Supreme Court but did not.

No explanation.

That's OK. Deeds count more than words anyway.

When added to $507.5 million in punitive damages, the interest payments will nearly double the award for the average claimant.

There are other signs Exxon is interested in a better relationship with Alaskans, 20 years after the spill.

To read the complete editorial, visit The Anchorage Daily News.

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