Chevron fined $8.6 billion in Ecuador

Posted on February 15, 2011 • Filed under: Ecuador, Enviromental Issues, Latin America Health, Oil

An Ecuadorean judge ruled Monday in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador’s northern jungle and ordered the oil giant to pay $8.6 billion in damages and cleanup costs. The amount was far below the $27.3 billion recommended by a court-appointed expert but appeared to be the highest damage award ever issued in an environmental lawsuit. Read Article

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