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Chevron Ecuador Lawsuit News

Investor’s Business Daily – Rare Win For Big Oil

An international court stunned Ecuador by ordering it to pay $700 million to Chevron for failing to honor treaty obligations. It’s a jolt for the banana republic, which has gamed justice for years: The bill is due.

For Ecuador’s President Rafael Correa, courts are a money tree from which to shake cash from “greedy” Western corporate investors.

In the mother of all conflicts of interest, his government has cheered on a $27 billion lawsuit by jungle activists against Chevron in Ecuador’s own courts, claiming Chevron polluted the country and anticipating a cut of the expected winnings.

In that case, an Ecuadorean judge was caught on tape telling an oil contractor the fix was in about his coming ruling.

Instead of dropping the case as tainted, Correa sped forward, howling about “injustice,” trotting out naive movie stars like actress Daryl Hannah to boost publicity, and using the anticipated payday as a substitute for economic development.

But Tuesday, Correa got a shock of reality from the Permanent Court of Arbitration in the Hague, which ordered his government to pay $700 million to Chevron in a separate lawsuit.

In this real-world judicial ruling, Ecuador was found guilty of violating the U.S.-Ecuador bilateral investment treaty by failing to resolve seven business disputes with Chevron dating from the 1990s.

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#Factsmatter: An international arbitration panel found ‘no cogent evidence’ supporting #Ecuador’s claim that #Texaco failed to comply with terms of remediation in #Amazon.
The @WSJ sums this case up nicely, “[Steven Donziger] and his team fabricated evidence, promised $500,000 to an #Ecuadorean judge to rule in their favor, ghostwrote much of the final verdict and took other actions that ‘perverted’ the course of #justice. Mr. Donziger disputes the…
Shameless. Disbarred and convicted of criminal contempt of court for bribing an Ecuadorian judge in an attempted extortion scheme, @SDonziger is nonetheless accepting invitations to speak at #climate rallies. Read more about this adjudicated racketeer:
Sworn testimony: While Texaco met its environmental obligations in the Amazon, #Ecuador’s national oil company did “absolutely nothing” to address its own remediation in the area. #FactsMatter:
DENIED: @SCOTUS rejects hearing case of Steven Donziger, who bribed Ecuadorian judge in failed effort to bilk Chevron for billions of dollars.

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