Oil & Gas Journal – Chevron elicits rebuke of ’60 Minutes’ smear
Date: Apr 20, 2010
Chevron has scored public-relations points in its legal quagmire in Ecuador—against the television network CBS, no less.
When it bought Texaco in 2001, Chevron inherited an environmental lawsuit in which plaintiffs now seek damages totaling an incredible $23 billion.
Texaco had spent $40 million to address environmental complaints and thought it had been released from liability by the government—a point of dispute in the lawsuit. Since succeeding with an effort to move the case to Ecuador, Chevron has suffered setbacks and now calls Ecuadorian courts corrupt. Last year it filed for international arbitration.