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During more than 20 years of litigation, allegations have been made about impacts on people and the environment by the former Ecuadorian oil operations of Texaco Petroleum Company (Texpet). The allegations have been repeated for years by Ecuador’s government and the plaintiffs’ lawyers and their supporters in an effort to justify a fraudulent $9.5 billion Ecuadorian court judgment against Chevron. Extensive research into each of these alleged impacts has proven them to be false.
Texaco Petroleum Co. (TexPet) operated in Ecuador in the 1970s and 1980s through an oil concession originally granted by the government to a consortium of Texaco and Gulf subsidiaries.
On Sept. 30, 1998, Petroecuador and the government of Ecuador officially discharged and released TexPet from all claims and liabilities associated with the concession.
On February 1, 2011, Chevron filed a complaint in the U.S. District Court for the Southern District of New York against Steven Donziger and other co-conspirators, alleging several claims including a conspiracy under the Racketeer Influenced and Corrupt Organization Act (“RICO”).
Seeking to hold Ecuador accountable for its role in denying Chevron justice, the company in September 2009 filed a complaint against the Republic before the Permanent Court of Arbitration at The Hague,under the authority of the U.S.-Ecuador Bilateral Investment Treaty.
The Dutch court’s ruling follows decisions from courts in Argentina, Brazil, Gibraltar, and the U.S. rejecting the fraudulent Ecuadorian judgment against Chevron.