Jp morgan invented creditdefault swaps to give exxon. The exxon valdez oil spill occurred in prince william sound, alaska, march 24, 1989, when exxon valdez, an oil tanker owned by exxon shipping company, bound for long beach, california, struck prince william sounds bligh reef, 1. Information from a variety of perspectives and sources is provided wherever. Morgan was reluctant to turn down exxon, which was an old client, but the deal would tie up a lot of reserve cash to provide for the risk of the loans going bad.
Researchers of the community and social impacts of oil spills such as the exxon valdez and deepwater horizon have noted that. A key piece of equipment in the contingency plan, the barge. In the wake of disaster retro report the new york times duration. Subjects include the exxon valdez, aerial view of the spill, impact on wildlife and environment, cleanup efforts, protestsprotestors, and individuals involved such as the governor and other state workers. Random samples of residents of cordova, alaska, and south mobile county, alabama, were collected 5 months after each. Environmental case study the exxon valdez oil spill, ten. The settlements surrounding the exxon valdez oil spill prove to be an interesting case of retributive and corrective justice in regard to damage to the ecology of the commons, particularly in light of the recent deepwater horizon spill in the gulf of mexico. Case study the exxon valdez environmental catastrophe in. Exxon valdez is serving as a subsidiary and has a long commitment with the petroleum business. It killed birds, mammals, and fish, and disrupted the ecosystem in the path of the oil. In 1989, the exxon valdez oil spill was listed as the 54th largest spill in history. On march 24, 1989, while owned by the former exxon shipping company, and captained by joseph hazelwood. This research provides a comparison of the social and mental health impacts of these two major technological disasters.
Exxon corp trouble at valdez case solution and analysis. Ingratefulrecognitionofyearsofservicetothe petroleumindustrythroughtirelesseffortsto improveresponsetechnologyandminimize environmentalimpacts,thiseditionofthe. The exxon valdez, an oil tanker bound for long beach, california, departed from the trans alaska pipeline terminal at 9. In 1989, the exxon valdez oil spill contaminated about 1,500 miles of alaskas coastline. Niosh became involved as a result of the hhe request and the state of alaskas request for technical assistance. There was some limited dispersant spraying and an experimental insitu burn trial during the early stages of the spill, but atsea response concentrated on. Exxon valdez s oil spill occurred in prince william sound, alaska on march 24, 1989, when exxon valdez, an exxon shipping companyowned oil tanker bound for long beach, california, hit. Longterm community impacts of the exxon valdez oil spill. Oriental nicety, formerly exxon valdez, exxon mediterranean, seariver mediterranean, sr mediterranean, mediterranean, and dong fang ocean, was an oil tanker that gained notoriety after running aground in prince william sound spilling hundreds of thousands of barrels of crude oil in alaska. It was ten years ago on march 23 that the oil tanker exxon valdez ran aground on bligh reef, leaking 11 million gallons of oil into alaskas prince william sound and creating the most notorious oil spill. Lessons from the exxon valdez oil spill disaster in alaska. On march 24, 1989, the tanker vessel exxon valdez spilled approximately 11 million barrels of crude oil into prince william sound. Recovery status and current restoration efforts approx. The mission of the company is to deliver the best quality petroleum and also to promote the highest quality in a manner that is regarded as not just safe but also ensure efficiency.
The size of the spill is estimated at 40,900 to 120,000 m3 or 257,000 to 750,000 barrels. Supertanker exxon valdez, second newest in fleet, 984feet, 24 mar 1989, 9. Because it is so well known, the valdez oil spill is an excellent example of a thorough root cause analysis investigation shortly after midnight on march 24, 1989, the valdez, transporting crude oil from alaska to california, struck bligh reef. Find, read and cite all the research you need on researchgate. Exxon valdez oil spill, massive oil spill that occurred on march 24, 1989, in prince william sound, alaska. The booms available could barely encircle the giant ship, much less a sizable slick.
Oil spill trustee council evostc is one of the eight founding partners of the alaska resources library and information services arlis and has entrusted arlis with its extensive collection of materials on the. Exxon valdez is almost 1,000 feet long and holds 1. Opinions differ on various aspects of the oil spill. The exxon valdez oil spill slides show the aftermath of the exxon valdez oil spill in prince william sound. Check out our new videos, educational exhibits, posters and more. Chapter 1 the spill the exxon valdez was a supertanker, an enormous ship that can carry millions of gallons of oil.
Exxon has two contractors conducting oil cleanup operations in prince william sound. Calm seas, clearly marked maps uncertified 3rd mate gregory cousins at helm. Download as pptx, pdf, txt or read online from scribd. Exxon valdez desastre ambiental ambiental desaster. Over 240 000 barrels of oil spilled and less than 5 per cent of this was recovered. Bioremediation of exxon valdez oil spill about epa us epa. In a letter to exxon, epa provided information that would support the use of bioremediation as a cleanup technique for the valdez oil spill. Presentation 30 years after the exxon valdez oil spill. About 37,000 tonnes of alaska north slope crude escaped into the sound and spread widely. The exxon valdez oil spill was a manmade disaster that occurred when exxon valdez, an oil tanker owned by the exxon shipping company, spilled 11. Trouble at valdez case study solution, discussion of the events leading up to the consequences, and after 11 million gallons of oil spill in prince william sound off the coast of alaska. The work of the exxon valdez oil spill trustee council approx. The exxon valdez oil spill was a manmade disaster that occurred when exxon valdez, an oil tanker owned by the exxon shipping company, spilled 11 million gallons of crude oil into alaskas prince. As of 2006, the exxon valdez oil spill trustee council evostc reported that only eight 8 out of twentytwo 22 species have recovered evostc 2006.
The exxon valdez was constructed in 1986 and was the largest ship ever built on the west coast of the united states. Nonetheless, the exxon valdez oil spill evos was the most ecologically destructive and largest in the history of north american picou et al. Descargue como pptx, pdf, txt o lea en linea desde scribd. On the morning of 24 march 1989 the oil tanker exxon valdez, containing 1. The exxon valdez oil spill occurred in prince william sound, alaska, on march 24, 1989. Nearly 11,000,000 gallons of crude oil were dispersed when the exxon valdez ran aground, polluting 1,300 miles of alaskan shoreline and causing the. Updated spring 2007 by professor ron smith for students at buffalo state college. The oil slick eventually covered 25 000km2 coastal and offshore waters and 1700km of coastline. Alyeska violated its own contingency plans when it failed to notify state officials that the barge was out of service. The exxon valdez was an oil tanker that gained notoriety after running aground in prince william sound spilling hundreds of thousands of barrels of crude oil in alaska. Exxon valdez grounded on bligh reef in prince william sound, alaska, on 24 th march 1989. Epa informed exxon on july 26 that it would support a proposal by the company to use bioremediation to aid in cleaning up the oil spilled from the exxon valdez in prince william sound. The 1989 exxon valdez oil spill and the 2010 bp oil spill were the largest and most ecologically damaging releases of oil in north american history. The boca raton meeting first bore fruit when exxon needed to open a line of credit to cover potential damages of five billion dollars resulting from the 1989 exxon valdez oil spill.
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