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Dow Jones – Petroecuador: To Spend $70 Million Cleaning Amazon Jungle Oil Pollution

Date: Dec 19, 2011

Ecuador’s state-run oil company plans to spend $70 million cleaning up polluted sites in the Amazon jungle, a move that may include areas that a company owned by Chevron Corp. (CVX) is accused of polluting.

Petroecuador plans “to clean up the environmental pollution from all the petroleum areas currently operated by Petroecuador, which may include areas polluted by private companies, including among them Chevron,” Petroecuador’s general manager Marco Calvopina told Dow Jones Newswires. “If we clean up our sites but next to them there are areas polluted by others, it won’t be very helpful.”