Billion-dollar settlement helps clean Alaska environment

VIDEO CNN's Sean Callebs reports on the billion-dollar settlement Exxon paid to settle claims from the 1989 Alaskan oil spill Real 28K 80K Windows Media 28K 80K

August 14, 1999
Web posted at: 3:02 p.m. EDT (1902 GMT)

SEWARD, Alaska (CNN) -- The billion-dollar settlement made by Exxon after its 1989 Alaskan oil spill is being used to clean and protect the environment.

Some $400 million has been used for habitat protection -- keeping lands off limits to commercial developers. And much of it has been spent to buy parcels of land, such as the $15 million spent to preserve open space in Kenai Fjords National Park.

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