Connect with us

Hi, what are you looking for?

Chevron Ecuador Lawsuit News

Washington Examiner – Hague slams banana republic’s shakedown lawyers

Chevron has just won a key battle in its 15-year legal struggle with the government of Ecuador and embarrassed some greedy American trial lawyers in the process.

The Permanent Court of Arbitration in the Hague awarded the oil company $700 million in damages after ruling that Ecuadorian courts violated an international agreement by ignoring seven breach-of-contract lawsuits.

The lawsuits were filed by Texaco Petroleum (which was later bought by Chevron) over a 1998 contract in which Ecuadorian officials certified Texaco’s environmental remediation in drilling operations with the government-owned Petroecuador. Texaco was a minority partner in the venture, which harvested 1.7 billion barrels of oil between 1972 and 1992. The Ecuadorean government got 95 percent of the profits.

Read more »

Click to comment

You must be logged in to post a comment Login

Leave a Reply


You May Also Like

Chevron Ecuador Blog Posts

1. Steven Donziger Is an Adjudicated Racketeer. The U.S. District...

News & Updates

Disbarred lawyer Steven Donziger likes to present himself to the...

News & Updates

A dishonest campaign is underway to rehabilitate disbarred lawyer Steven...

News & Updates

A Dutch appellate court has rejected Ecuador’s attempt to set...