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Thursday, 12 July 2018

Ecuador court upholds $9.5 bln damages ruling against Chevron

Ecuador court upholds $9.5 bln damages ruling against ChevronEcuador's highest court upheld in a ruling released Tuesday a $9.5 billion damages award against oil giant Chevron over decades of pollution that harmed indigenous people. In a ruling dated June 27 and released Tuesday, the court said "there is no violation of the constitutional rights" of Chevron in throwing out its appeal of a lower Supreme Court ruling against it in 2013. Chevron was sentenced in Ecuador over environmental damage blamed on Texaco, which Chevron acquired in 2001, in this country's rainforest during oil operations from 1964 to 1990.




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