Chevron’s Ecuador problem

posted by
February 15, 2011
Christian Science Monitor    
Posted in News, PND News

"Chevron is vowing to fight Monday's ruling by a court in the Ecuadorean jungle town of Lago Agrio. The ruling fines the oil giant $9 billion for environmental damages caused in the Amazon region in the 1970s and 1980s.  'The Ecuadorean court's judgment is illegitimate and unenforceable,' said Chevron, in a press release Monday. 'It is the product of fraud and is contrary to the legitimate scientific evidence.'Watched closely by environmentalists around the world, the ruling is the largest damages award ever handed down in an environmental case -- exceeding the initial $5 billion award against ExxonMobil for the 1989 Alaska oil spill -- and could set a precedent for future lawsuits against oil companies." (02/15/11)

http://tinyurl.com/4buxwnk  

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