Court Orders First Handover of Chevron’s Ecuador Assets
Source: Environment News Service
Court Orders First Handover of Chevrons Ecuador Assets
Posted by News Editor in Energy, Latest News, RSS on October 17, 2012 10:55 pm
Environment News Service (http://s.tt/1qmXx)
QUITO, Ecuador, October 17, 2012 (ENS) An Ecuadorian court has frozen are all bank accounts owned by Chevron, Texaco, and their subsidiaries in partial payment of a $19 billion pollution damages judgment against Chevron.
Indigenous people and villagers living in the Ecuadorian Amazon were granted a court order this week that allows them to collect $200 million of Chevrons assets in the country.
This is a huge first step for the rainforest villagers on the road to collecting the entire $19 billion judgment, said Pablo Fajardo, the lead lawyer for the plaintiffs.
Fajardo said the assets would be used to begin a cleanup of the ecological disaster left by Texaco, consistent with the mandates laid out by the Ecuador trial court.
Read more: http://ens-newswire.com/2012/10/17/court-orders-first-handover-of-chevrons-ecuador-assets/
HankyDub
(246 posts)I never thought I'd see the day.
Pachamama
(16,887 posts)I knew it would take a long time though....i remember standing for the first time in front of some of the oil waste pits in Equador examining them with a team of people from the US as our guides, several huarani tribal elders including "Moi" showed us these....
Note: i was nauseated and sick (literally physically) from even being in the proximity and breathing in of the toxic fumes just after being near these for less than an hour. Imagine these overflowed into the drinking water and the river water that flowed thru these peoples villages.
We won...Pachamama won this won...
HankyDub
(246 posts)And thanks for putting in the work!
truthisfreedom
(23,148 posts)dreamnightwind
(4,775 posts)2on2u
(1,843 posts)necessarily make it so.... pay attention Willard.
Level.-.UP
(2 posts)Ecuadorians for the win!
Dustlawyer
(10,495 posts)executives that were in the country at the time! Would never happen here since BP and the other oil companies own our government!
Citizen Worker
(1,785 posts)StevePaulson
(174 posts)It would have only cost $1 a barrel more to produce the oil without poisoning the Amazon. You know how far that will get you....
http://www.RepublicansAreADisease.com
They couldn't bribe their way out of this one darnit!
arcane1
(38,613 posts)ronnie624
(5,764 posts)I just assumed oil companies were above the law.