Tuesday, February 15, 2011

Chevron Fined $8 Billion For Polluting Amazon

Posted by majestic on February 14, 2011
340px-Chevron_LogoIt’s taken decades but finally the Amazonian Indians whose environment was despoiled by Texaco have won their lengthy court battle with successor corporation Chevron. Mind you, it’s an Ecuadorian court and no doubt the plaintiffs will have a tough time enforcing the judgment in the United States and actually collecting the money. Look forward to years more litigation while the people of the Amazon suffer for the oil giant’s wreckess conduct. BBC News reports on the judgment:
A court in Ecuador has fined US oil giant Chevron a reported $8bn (£5bn) for polluting a large part of the country’s Amazon region.
The oil firm Texaco, which merged with Chevron in 2001, was accused of dumping billions of gallons of toxic materials into unlined pits and Amazon rivers.
Campaigners say crops were damaged and farm animals killed, and that local cancer rates increased.
Condemning the ruling as fraudulent, Chevron said it would appeal.
The lawsuit was brought on behalf of 30,000 Ecuadoreans, in a case which dragged on for nearly two decades.
The plaintiffs said the company’s activities had destroyed large areas of rainforest and also led to an increased risk of cancer among the local population.
The trial began in 2003 after almost a decade of legal battles in the US. At that time, a US appeals court ruled that the case should be heard in Ecuador.
Environmentalists hope the case will set a precedent, forcing companies operating in developing countries to comply with the same anti-pollution standards as in the industrialised world…
[continues at BBC News]

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