Chevron Oil, Ecuador analysis of conflict

Posted on August 18, 2013 • Filed under: Business, Conflicts, Ecuador, Oil reported…..A crusading lawyer helped Ecuadorans secure a huge environmental judgment against Chevron. But did he go too far?Texaco managed oil extraction in the Oriente region of Ecuador for twenty-three years. When Chevron acquired the company, in 2001, it inherited a lawsuit over environmental damage. The jungle outpost of Lago Agrio is in northeastern Ecuador, where the elevation plummets from the serrated ridge of the Andes to the swampy lowlands of the Amazon Basin. Ecuadorans call the region the Oriente. For centuries, the rain forest was inhabited only by indigenous tribes. But, in 1967, American drillers working for Texaco discovered that two miles beneath the jungle floor lay abundant reserves of crude oil. For twenty-three years, a consortium of companies, led by Texaco, drilled wells throughout the Ecuadoran Amazon. Initially, the jungle was so impenetrable that the consortium had to fly in equipment by helicopter. But laborers hacked paths with machetes, and, eventually, Texaco paved roads and built an airport. Read Article
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