Chevron Appeals $8.6 Billion Ruling

Chevron Appeals $8.6 Billion Ruling

There are 1 comment on the KJCT story from Jan 21, 2012, titled Chevron Appeals $8.6 Billion Ruling. In it, KJCT reports that:

Chevron filed an appeal with Ecuador's National Court to review a ruling that it must pay billions of dollars in damages for oil pollution in the Amazon rain forest.

Join the discussion below, or Read more at KJCT.

Dwight Baker

Eagle Pass, TX

#1 Jan 22, 2012
When first injured that is the time to complain!
By Dwight Baker
[email protected]
January 22, 2012

ARTICLE
Chevron Appeals $8.6 Billion Ruling
Ecuadorian Court Wants Company To Pay, Apologize For Rain Forest Damage
http://www.kjct8.com/money/30267365/detail.ht...

EXCERPT

The case, Aguinda v. ChevronTexaco, was originally filed in New York in 1993 on behalf of 30,000 inhabitants of Ecuador's Amazon region. The suit was eventually transferred to the Ecuadorian court and Ecuadorian jurisdiction.
According to the group, Texaco dumped more than 18 billion gallons of toxic waste into Amazon waterways, abandoned more than 900 waste pits, burned millions of cubic meters of gases with no controls and spilled more than 17 million gallons of oil due to pipeline ruptures.

Cancer and other health problems were reported at higher rates in the area, the group says.

Chevron says Texaco was partnered with an Ecuadorian oil company when it operated in Ecuador, and that it spent $40 million on remediation efforts to clean up roughly one-third of the sites in which it worked -- an amount reflective of its 37% share of the oil-producing consortium with Petroecuador. It says its cleanup efforts were certified and approved by the Ecuardorian government and blames Petroecuador for any ongoing pollution at sites where it was the sole operator, according to documents on the Chevron website regarding the lawsuit and its history of operations in the South American country.

MY TAKE
I know of Texaco first hand for they were always a substandard company. Cheating was their motives for trying to make more money.

I have seen the VIDEOS of the crimes against Mother Nature and man left behind by the Too BIG to fail OIL GIANT Texaco.

But then time has been on the side ‘19 years’ of the BIG OIL and GAS ‘lawyer ed’ up spin masters. For using the SEE SAW YAW of the LAW taught at Harvard Princeton and Yale puts spinning the LAW on their side.

Forget an apology that was dumb to even demand.

How will this suit play out WHO KNOWS? But I doubt if even a fraction of what is wanted will be paid by Chevron. WHY because they don’t have too!

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