Chevron Ordered to Pay Ecuador $8.6 Billion for Environmental Damages
Those of us who have seen the film documentary “Crude” — as well as millions of others following the story — were heartened today as a court in Ecuador has ordered the oil giant Chevron to pay $8.6 billion for dumping billions of gallons of toxic oil waste into Ecuador’s rain forest. The judgement is one of the largest ever imposed for environmental contamination in any court.
However, we were not at all surprised to hear that Chevron said it would appeal the ruling. Hell, ExxonMobil robo-appealed the Valdez judgement, consistently postponing the payment of damages. (more…)