Tuesday, February 15, 2011
The oil giant Chevron has been ordered to pay more than $17 billion in fines and punitive damages in a long-running case over environmental contamination in Ecuador. Amazonian residents sued Texaco, which was then purchased by Chevron, for dumping billions of gallons of toxic oil waste into Ecuador’s rain forest since the 1970s. On Monday, an Ecuadorian judge ordered Chevron to pay an $8.6 billion fine and an equal amount in punitive damages.
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