not cleaning up

antarchi's picture

19 years have passed [since the Exxon Valdez oil spill, but] ExxonMobil still refuses to pay all of the court-ordered, $2.5 billion in damages...

This is the same company that reported the largest annual profit in U.S. history in 2006, with $39.5 billion. It followed up 2006, by besting its record of the previous year by reporting $40.61 billion in profit for 2007. And as the Washington Post noted, ExxonMobil's 2006 "revenue of $377.6 billion exceeded the gross domestic product of all but 25 countries."

So what does ExxonMobil do with all of the money it rakes in? Former CEO Lee Raymond knows, and it isn't anything that provides the customer relief at the pump. Raymond was the beneficiary of a "$69.7 million compensation package and $98 million pension payout" when he retired in 2006.