2024 – Documents uncovered after the Exxon Valdez oil spill in Alaska revealed that
Finance – 2024
Documents uncovered after the Exxon Valdez oil spill in Alaska revealed that Exxon could have used double-hulled oil tankers that would have prevented the spill, but the cost of refitting their fleet of single-hulled tankers was considered too high. Exxon determined that the cost of cleaning up an oil spill would be less than the cost of refitting the ships, thus increasing shareholder value.
Several years after the oil spill, however, Exxon was fined billions of dollars for the spill.
Instructions: Your initial response should be at least 250-words with at least one scholarly journal reference. Support your main response with at least 1 scholarly journal reference in addition to the course materials. Please note Wikipedia, Investopedia and similar websites are not credible academic references. Use the Online Library to research credible references. Include in-text citations and references in APA format. Refer to Forums Grading Rubric for additional guidelines.
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