Chevron does not believe that the Ecuador ruling, which has now been proven to be fraudulent by a U.S. court, is enforceable in any court that observes the rule of law. The company will continue to seek to hold accountable the perpetrators of this fraud.
In addition to legal actions taken in the U.S., Chevron is pursuing relief against Ecuador through international arbitration. On September 18, 2013, an international arbitration tribunal, convened under the authority of the U.S.-Ecuador Bilateral Investment Treaty (BIT) and administered by the Permanent Court of Arbitration at The Hague, issued a partial award (2.6 MB) in favor of Chevron and its subsidiary, Texaco Petroleum Company (TexPet). The tribunal found that the settlement and release agreements that the government of Ecuador entered into with TexPet released TexPet and its affiliates of any liability for all public interest or collective environmental claims.
On February 7, 2013, the same tribunal ruled that the Republic of Ecuador had violated the tribunal’s prior interim awards by not preventing the attempted enforcement of an $18 billion judgment against Chevron.
The tribunal found that despite its instructions in earlier awards, the Republic of Ecuador has facilitated the plaintiffs’ pursuit of enforcement.
