Tuesday, February 15, 2011

Ecuadoran Court Orders Chevron to Pay $17 Billion for Oil Pollution in Amazon




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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