Washington (Platts)--29Jun2009
The US Supreme Court Monday rejected Chevron's effort to require arbitration with Petroecuador over liability for environmental damage in Ecuador's Amazon rain forest. The high court let stand a lower US court decision that found against Chevron. The San Ramon, California-based company, meanwhile, is awaiting a ruling by a judge in Ecuador in a lawsuit seeking damages for Amazon residents for what could be upward of $27 billion. A judgment is expected later this year. Read more
April 30, 2009 · A judge is preparing to render a decision in a long-running, multibillion-dollar lawsuit filed by residents of Ecuador’s Amazonian rain forest against Texaco for fouling their land.
In the lawsuit, filed in 1993, the plaintiffs charge that, throughout the 1970s and ’80s, the American oil company so polluted a swath of northern Ecuador that hundreds died of cancer. The defendant, Chevron Corp. — which bought Texaco in 2001 — denies the accusations.
But a court-appointed expert agrees with many of the plaintiffs’ charges and has assessed damages at $27 billion. Now, a judge in the small town of Lago Agrio, says he hopes to have a decision before the end of the year. Read more at Morning Edition, NPR
What is the truth?
The truth about Chevron in Ecuador
Chevron Texaco Ecuador Lawsuit - Behind the Scenes
Tags: Big business, destruction, Native peoples, Rainforest
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