$11.4b penalty stuns Chevron
QUITO – An Ecuadorean judge ruled yesterday in an epic environmental case that Chevron was responsible for oil drilling contamination in a swathe of Ecuador’s northern jungle and ordered the oil giant to pay US$8.6 billion ($11.4 billion) in damages and cleanup costs.
The amount was far below the US$27.3 billion recommended by a court-appointed expert but appeared to be the highest damage award ever issued in an environmental lawsuit.
But whether the plaintiffs – including indigenous groups who say their hunting and fishing grounds in Amazon River headwaters were decimated by toxic wastewater that also raised the cancer rate – can collect remains to be seen. (Read on …)
