Chevron hit with record judgment.
An Ecuadorian judge on Monday ordered Chevron Corp. to pay $8.6 billion to clean up oil pollution in the country's rain forest in what is believed to be the largest-ever judgment in an environmental case.
And if the U.S. oil giant doesn't publicly apologize in the next 15 days, the judge ordered the company to pay twice that amount.
Tuesday, February 15, 2011
by Werner Krauss
klimazwiebel, we discussed some aspects of the fossil fuel age, especially the Texan oil spill and the case Texaco / Chevron versus Ecuador. I wrote: "Oil means uncontrollable corporate industries, corruption, irresponsibility, dependency." Who ever was so naive to think that justice might succeed in an oil story? Today, we can read in the Wallstreet Journal and spiegel-online that the Ecuador / Chevron case came to an surprising end: Chevron will have to pay $8.6 billion dollars to clean up the rain forest, and they have to publicly apologize.