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Showing posts with label Lago Agrio. Show all posts
Showing posts with label Lago Agrio. Show all posts
Monday, June 29, 2009
Chevron's $27 Billion Problem
Sometime later this year a judge in the sleepy Ecuadoran town of Lago Agrio is likely to sock Chevron Corp. with as much as $27 billion in damages over pollution left over from oil drilling by Chevron's Texaco unit in the 1970s and 1980s. The funny part is, Chevron (CVX-news-people) wanted it this way. When the case was originally filed in New York in 1993, Texaco, then an independent company, argued it would be fairer to hear it in Ecuador.....Complete Story
Labels:
Chevron,
Crude Oil,
Ecuador,
Lago Agrio,
oil drilling
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