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Chevron: ‘We’re not paying’ $27B fine for Ecuador rain forest contamination

 
Anonymous Coward
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07/22/2009 04:31 PM
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Chevron: ‘We’re not paying’ $27B fine for Ecuador rain forest contamination
Chevron: ‘We’re not paying’ $27B fine for Ecuador rain forest contamination

By Stephen C. Webster

Published: July 20, 2009
[link to waronyou.com]

U.S. oil company Chevron said Monday that it expects to lose a case which charges the company’s Texaco branch with polluting Ecuador’s rain forest with oil-contaminated water for nearly two decades.

An expert appointed by Ecuador’s courts assessed the damages to the locals’ health and environment to be $27 billion: A sum which Chevron spokesman Don Campbell bluntly told The Wall Street Journal, “We’re not paying and we’re going to fight this for years if not decades into the future.”

It will be the largest award ever in an environmental lawsuit, even if it goes uncollected.

“Chevron intends to fight enforcement by claiming the trial was unfair, in part because Ecuador’s president has publicly supported the plaintiffs,” noted Business Insider’s Erin Geiger Smith.
Anonymous Coward
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07/22/2009 04:34 PM
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Re: Chevron: ‘We’re not paying’ $27B fine for Ecuador rain forest contamination
I bet they spend 40 billion fighting in court not to pay 27 billion.
Anonymous Coward
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07/22/2009 04:37 PM
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Re: Chevron: ‘We’re not paying’ $27B fine for Ecuador rain forest contamination
I bet they spend 40 billion fighting in court not to pay 27 billion.
 Quoting: Anonymous Coward 618413

Bullshit.
Anonymous Coward
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07/22/2009 04:51 PM
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Re: Chevron: ‘We’re not paying’ $27B fine for Ecuador rain forest contamination
I could believe a Billion ... but $27 Billion, that is a bullshit case and a bullshit politically motivated decision.

It is not like Ecuador did not agree to oil drilling and production!! (and oil drilling and production by it's very nature has some environmental consequences). Ecuador is merely trying to extort MORE money than ALL the oil ever produced there was worth ... and that is Bullshit!!

(and of course Ecuador got a HUGE percentage of the revenue from the oil produced there over the years - their government would have been broke without it in fact)

Socialization/Nationalization/Extortion by another name.
Anonymous Coward
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07/22/2009 05:33 PM
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Re: Chevron: ‘We’re not paying’ $27B fine for Ecuador rain forest contamination
Easy business case. Know how many lawyers you could pay for with a billion dollars? Decades is right. Nice guys.


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