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Chevron Ecuador Lawsuit News

The Economist – A battle in court

This letter in The Economist says, “facts and the basic rule of law demonstrate that Chevron is the victim” :

SIR – Your article regarding the recent fine imposed on Chevron by a court in Ecuador in a long-running environmental lawsuit seemed to suggest there is some doubt about which party is being mistreated (“Monster or victim?”, February 19th). A quick review of the case shows that Chevron has been subjected to a flawed process that has been condemned by multiple courts. Consider the following: Texaco Petroleum Company (TexPet), which Chevron later bought, was a minority owner, holding 37.5% of the oil consortium being sued in the case; the largest shareholder was Petroecuador, Ecuador’s state-run oil company.

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