ENERGY
From Times Staff and Wire Reports
Exxon Not Liable for High Gas Prices After Valdez Spill: The U.S. 9th Circuit Court of Appeals in San Francisco has ruled that the oil company and other firms associated with the 1989 Prince William Sound oil spill won’t have to pay Californians for gasoline price increases that followed in its wake. The relevant law applies only to those damages from the “physical effects” of spills, not their “remote and derivative” consequences, Judge Mary Schroeder said in the ruling.
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