San Ramon-based Chevron praised a recent decision by Ecuador’s government-owned oil company, Petroecuador, to complete the cleanup of oil-contaminated sites for which Petroecuador is responsible.
Petroecuador has set a budget of $70 million to clean up its sites in an area that is larger than the sites that Chevron is responsible for cleaning up. Chevron became responsible for an oil cleanup when it bought Texaco, which had petroleum operations in the Amazon jungle of Ecuador.
Chevron is defending against a multibillion-dollar legal action in connection with oil contamination in the region.
