Exxon Valdez oil spill damages halved

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A US court has almost halved the damages oil giant Exxon Mobil must pay for a 1989 oil spill off Alaska.

The San Francisco Federal appeals court reduced the payment from $4.5bn (£2.3bn) to $2.5bn (£1.3bn), saying the previous decision had been excessive.

It is the third time damages in the case have been reduced.

Story via BBC News

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