BBC NEWS | Business | Court halves Exxon spill damages: "Court halves Exxon spill damages
Exxon Valdez oil tanker spill off Alaska
The disaster devastated miles of Alaskan coastline and wildlife
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."
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