International Business Times – Petroecuador to Spend $70 Million on Amazon Cleanup; Chevron Welcomes Move

Chevron Corp. officials Friday lauded the announcement made this week that Ecuadorian state-oil company Petroecuador will clean up tracts of the amazon allegedly polluted by Texaco.

Petroecuador will spend $70 million to clean up oil and toxic materials Texaco left behind in the country, which some claim hurt the wellbeing of locals in the region and hurt the environment. The topic has been an on-going legal case between locals in Ecuador and Chevron, which bought Texaco in 2001.

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