Tag Archives: Ecuador

Chevron's $18 Billion Ecuador Liability: What Happens Next?

January 10, 2012, 1:55 pm • Posted by Jon Brooks
Comments (1)

Last week an Ecuadoran appeals court upheld an $18 billion ruling against San Ramon-based oil giant Chevron for pollution and ill health effects caused in the country's rainforest. The decades-old damage stemmed from oil exploration by Texaco, which Chevron bought … Continue reading »

Filed under: Business and Finance, Energy, Environment, International, Legal
Tagged: ,

Chevron Loses Huge Environmental Suit, But Will It Ever Pay?

February 15, 2011, 2:46 pm • Posted by Jon Brooks
Comments Off

An Ecuadorean court yesterday ordered Chevron to pay $8.64 billion to a group of several dozen plaintiffs acting on behalf of indigenous groups, who suffered ill health effects due to oil exploration in the country's rainforest. The payout would be … Continue reading »

Filed under: Business and Finance, Energy, International
Tagged: ,

Ecuador Judge Rules Against Chevron

February 14, 2011, 12:21 pm • Posted by Jon Brooks
Comments (1)

AP and Reuters are reporting that an Ecuadorian judge has ruled against Chevron in an environmental suit brought against the San Ramon-based oil and gas giant. Both report that a lawyer for the plaintiffs put the damages that the company … Continue reading »

Filed under: Business and Finance, Energy, Environment, International, Legal
Tagged: ,