|
. | . |
|
by Staff Writers Washington (AFP) Sept 19, 2013 An arbitration panel in the Hague has given US oil firm Chevron an important procedural victory in its battle against a $19 billion fine by Ecuador for polluting the Amazon basin region. The panel ruled on Tuesday that Chevron was protected from collective action claims in the case, due to agreements the Ecuadoran government had set with the former Texaco, which was allegedly behind the environmental pollution and which Chevron took over in 2001. It said the 1995 settlement agreement, in which Texaco agreed to clean up waste from its oil drilling operations in the Lago Agrio region, protected it from collective-based charges. Chevron argues that it is not liable for the damages claimed by Lago Agrio communities due to the 1995 deal, which came after the first complaints over the pollution were lodged in 1993. In February 2011, however, an Ecuador court found Chevron liable in the case and ordered it to pay $9.5 billion in damages. Subsequently an Ecuador court doubled the fine, amid accusations from Chevron of corruption and fraud in the handling of the case. The Hague tribunal however said it was not ruling on whether the complainants in the case were indeed a collective or individuals. It said it would rule on that issue at a future date. Nevertheless, Chevron declared victory in the case. "The game is up. This award by an eminent international tribunal confirms that the fraudulent claims against Chevron should not have been brought in the first place," said Chevron vice president Hewitt Pate in a statement. "It is now beyond question that efforts by American plaintiffs lawyers and the government of Ecuador to enforce this fraudulent judgment violate Ecuadoran, US, and international law."
Related Links Powering The World in the 21st Century at Energy-Daily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement |