SeaRiver Maritime
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SeaRiver Maritime is a privately held subsidiary wholly owned by ExxonMobil. The company is used by ExxonMobil as a legal shield to own oil tankers and take on all legal liability related to the shipping of crude oil, so that future tanker spills will not result in adverse economic consequences to the parent company. SeaRiver was created by ExxonMobil as a response to the Exxon Valdez oil tanker disaster, which subjected the company to billions of dollars of liability claims. The existence, purpose, and legal structure of SeaRiver has been widely criticized by environmental and other anti-ExxonMobil activists.[1]
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[edit] References
- ^ Baltimore Sun: "Even renamed, Exxon Valdez can't outlive stain on its past." Retrieved April 19, 2007.
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