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.
Category Archives: business/econ
EU tackles aircraft CO2 emissions
The European Commission has proposed that airlines operating in the EU should pay for any increase in greenhouse gas emissions above current levels.  The proposal involves brining internal EU flights inside the bloc’s emissions trading scheme from 2011, with all other flights following in 2012. Air travel is a major, and also often overlooked, source of greenhouse gas emissions – in fact, a round trip flight between NY and London releases more global warming emissions than heating an entire home for a year!
Pot is called biggest cash crop
Via RawStory/LATimes