Investors Business Daily Editorial – Ecuador’s Bogus $8 Bil Ruling Vs. Chevron
Investors Business Daily also writes about the Chevron Ecuador judgment:
The Law: An Ecuador court’s finding of Chevron liable for $8.64 billion over jungle drilling is a bogus case showing how easy it is for lawyers to manipulate banana republic systems.
Hailing the ruling as a strike for “environmental justice,” plaintiffs known as the Amazon Defense Front and their lawyers successfully convinced a judge in Lago Agrio, an Ecuadorean jungle town locally known as a supplying station for Colombia’s FARC terrorists, that mighty Chevron, whose Texaco subsidiary drilled the rain forest from 1964 to 1990, irreparably polluted the rain forest with its drilling operations. That entitled the activists to $8.64 billion.