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Chevron faces $18bn damages claim
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Old 04-01-2012, 09:57   #1
Osem
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Chevron faces $18bn damages claim

Quote:
An Ecuadorean appeals court has upheld a ruling that Chevron should pay damages totalling $18.2bn (£11.5bn) over Amazon oil pollution.
http://www.bbc.co.uk/news/world-latin-america-16404268

Quote:
In a statement released in response, Chevron said the decision was a "glaring example of the politicization and corruption of Ecuador's judiciary". It said it would continue to seek recourse through proceedings outside Ecuador.
Strong words indeed - I wonder how this will pan out.
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Old 04-01-2012, 12:04   #2
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Re: Chevron faces $18bn damages claim

They'll bribe, err 'lobby', a few politicians in the USA to put pressure on Ecuador and have it all go away most likely.
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Old 05-01-2012, 12:03   #3
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Re: Chevron faces $18bn damages claim

Quote:
Originally Posted by Ignitionnet View Post
They'll bribe, err 'lobby', a few politicians in the USA to put pressure on Ecuador and have it all go away most likely.
Ecuador is closer to Venezuela (who have their own issues with US oil companies than) America!
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