Chevron Wins Oil Pollution Case

Chevron Wins Oil Pollution Case

Chevron could not have won a more emphatic victory in its long-running Ecuadorian pollution case than Monday’s ruling by the US Court of Appeals in New York. A three-judge panel unanimously affirmed a trial court’s determination that, in 2011, the lead attorney for some 30,000 Ecuadorians had won a $9.5 billion judgment against Chevron by means of bribery, coercion and fraud. The energy company will probably leverage the ruling as part of its continuing effort to avoid paying a dime on the verdict. Chevron lacks any property or assets in Ecuador, so it simply refused to pay the plaintiffs there, Bloomberg reported. The Ecuadorians, meanwhile, have sought to enforce their award in Canada, where Chevron subsidiaries do have assets. Opposing enforcement there, Chevron will now cite the US appeals court opinion as support for its argument that the Ecuadorian case was so shot through with fraud that it does not deserve respect anywhere. It is a complicated fight and “must be among the most extensively chronicled in the history of the American federal judiciary”, wrote US Circuit Judge Amalya Kearse.


Short URL : http://goo.gl/GnPvoD
  1. http://goo.gl/P9kbuw
  • http://goo.gl/8aOGwD
  • http://goo.gl/lQZUQg
  • http://goo.gl/BPJEQ0
  • http://goo.gl/rTouHe

You can also read ...

The OGCI initiative is now made up of BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Pemex, Petrobras, Repsol, Saudi Aramco, Shell and Total.
ExxonMobil, Chevron and Occidental Petroleum are joining the...
Zanganeh to Veto OPEC Decisions Against Iran
Oil Minister Bijan Namdar Zanganeh on Thursday said he would...
New Delhi Will Pay for Iranian Oil in Rupees
India may revert to paying Iran in rupees for the oil it buys...
US Wants Lower Oil Prices  for Protecting Arab States
US President Donald Trump on Thursday demanded OPEC lower...
Iraq Crude Exports From South Nearing Record High
Crude oil exports from southern Iraq are close to a record...
MAPNA to  Build Petrochem,  Power Plant in Parsian SEZ
Iran's top engineering and energy enterprise MAPNA Group is...
US Oil Sanctions to Harm Int'l Economy
Imposing sanctions against oil producing states like Iran will...