Ecuador court upholds $18 billion ruling against Chevron

 Wednesday, January 4, 2012

 Reuters

An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. A local judge ordered Chevron to pay $8.6 billion in environmental damages last February, but the amount was more than doubled to about $18 billion because Chevron failed to make a public apology as required by the original ruling. "We ratify the ruling of February 14 2011 in all its parts, including...
Liability
BROWSE RELATED NEWS ARTICLES