OIL

Valdez case drawing to a close

THE legal war over the infamous 1989 Exxon Valdez oil spill off Alaska could be drawing to a close after a US federal appeals court reaffirmed the punitive damages of $US507.5 million ($A643 million) and the payment of interest dating back to 1996.

The decision of the Ninth Circuit Court of Appeals could add about $500 million interest to the punitive damages award, attorney for the plaintiffs, Jeffrey Fisher, told Reuters. He added the ruling...

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