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Tag: Ecuador

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

January 10, 2012 | 1:55 pm

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

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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 in 2000. Lawyers on both sides of the lawsuit clashed yesterday on KQED Radio’s Forum […]

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

February 15, 2011 | 2:46 pm

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

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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 the second largest in history for environmental damages, surpassed only by the $20 billion BP […]

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Ecuador Judge Rules Against Chevron

February 14, 2011 | 12:21 pm

Ecuador Judge Rules Against Chevron

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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 was ordered to pay at $8 billion. Chevron said in a statement that “The Ecuadorian […]

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