Chevron Fights Ecuador Lawsuit


| 7/21/2009 12:15:15 PM


Tags: Chevron, Chevron Texaco, Chevron oil, Ecuador, Ecuador lawsuit, Chevron corporation, environmental damges, environmental lawsuit,

The Wall Street Journal reported that the oil company, Chevron Corp., told shareholders that it would not pay Ecuador if it lost in the largest environmental judgment in history.

Chevron expects to lose the long-running environmental lawsuit in Ecuador and is now fighting a possible $27 billion case in the U.S.

Residents of Ecuador’s oil producing area are seeking damages for environmental contamination caused by Texaco. Texaco operated in Ecuador between 1964 and 1990. Chevron purchased Texaco in 2001.

Chevron denies the allegations, saying that Texaco operated under local and international standards. Texaco paid for a $40 million cleanup in the 1990s to resolve environmental liability.

Chevron expects to lose the case in Ecuador at the end of this year and plans to appeal. Because Chevron has never operated in Ecuador the court will be unable to seize company assets if Chevron refuses to pay, which would require the plaintiffs to enforce the ruling in the U.S.



A.Wong
5/2/2011 1:15:29 AM

There shouldn't even be a trial! It is clear who is guilty. Everything that Chevron has claimed have all been lies. Haven't the Ecuadorians suffered enough? How much longer will they have to wait for clean water to drink and bathe in? They have already lost countless loved ones from the pollution of the toxic waste. If Chevron doesn't clean up their mess soon, the Ecuadorian people will soon be extinct


amber lamanna
12/14/2010 1:53:05 PM

It is horrible the things these oil companies do to the environment. It's sickening that people would rather ruin our planet and personal health for profit. That is one of the reasons why the electric car disappeared, those oil companies would go out of business and those mechanic shops would too because those cars would last longer than our crappy cars we have now. Anyways, Crude was an awesome documentary, go Ecuador!!


amber lamanna
12/14/2010 1:51:51 PM

It is horrible the things these oil companies do to the environment. It's sickening that people would rather ruin our planet and personal health for profit. That is one of the reasons why the electric car disappeared, those oil companies would go out of business and those mechanic shops would too because those cars would last longer than our crappy cars we have now. Anyways, Crude was an awesome documentary, go Ecuador!!







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