USD 92.5919

+0.02

EUR 100.2704

-0.14

Brent 86.89

+1.2

Natural gas 1.754

+0.04

455

ChevronTexaco Is Taken a Legal Action

ChevronTexaco is facing a billion-dollars class action lawsuit

ChevronTexaco Is Taken a Legal Action

ChevronTexaco, the US oil corporation, institutes proceedings against Ecuador?s state oil company Petroecuador.
ChevronTexaco is facing a billion-dollars class action lawsuit in Ecuador over environmental damage by its former subsidiary Texaco Petroleum in upstream operations in the Amazon jungle between 1972 and 1992, and it wants Petroecuador to assume responsibility for the costs in that case.
According to ChevronTexaco, Petroecuador and the Ecuadorian government released Texaco Petroleum from any present or future legal obligations in a 1998 agreement after it completed its share of the clean up work.

A report by US consulting firm Global Environmental Operations found that ChevronTexaco would need to spend $6 billion to clean up the oil pits, rivers and groundwater but Varela said that figure is "exaggerated."

Follow us on Facebook
Advertising at neftegaz.ru

Subscribe to our newsletter

of the best materials Neftegaz.RU

* Incorrect E-Mail Address

By clicking the "Subscribe" button I accept the "Agreement on the processing of personal data"


Advertising at neftegaz.ru