http://www.jimhightower.com/node/6904 This is Hightower's complete radio piece.
http://www.newsweek.com/id/149090/page/2Texaco Petroleum performed an environmental remediation and public works program prescribed by, and certified by, the Government of Ecuador.
The Republic of Ecuador's failure to honor its contractual and legal obligations related to Texaco Petroleum's past activities in Ecuador is contrary to the spirit and letter of the trade preferences granted to Ecuador under U.S. law.
Dave Samson
General Manager, Public Affairs
Chevron Corp.
San Ramon, Calif.http://www.chevron.com/news/press/release/?id=2009-02-121. At the conclusion of the oil production concession between Texaco Petroleum (“Texpet,” a
subsidiary of Texaco, which merged with a Chevron subsidiary in 2001) and the government of
Ecuador in 1992, the parties conducted a full environmental audit, and Texpet performed a multi-
year, $40 million remediation program proportionate to its minority ownership share of the
Consortium. That program was approved by the government of Ecuador, which then granted
Texpet and all related entities a full and complete release from any remaining environmental
liability associated with the consortium’s operations.
2. When the same U.S. contingency-fee lawyers initially filed the Aguinda case —the precursor to
today’s Lago Agrio lawsuit—in U.S. federal court in 1993, the then government of Ecuador
formally intervened in the case and advised the court that the government, not private plaintiffs,
had the exclusive right to assert claims for environmental impacts to the government-owned lands
upon which the oil operations had been conducted, and that the government had resolved those
claims through the negotiated remediation program and the related Settlement and Release.
3. By its own admission, the government of Ecuador for years neglected to perform its share of the
environmental remediation. Indeed, in sharp contrast, it has systematically starved its wholly-
owned oil operations of the funds necessary for reasonable maintenance and responsible oil field
operations, preferring instead to divert its billions of dollars in oil proceeds to other purposes.
4. Since the government of Ecuador assumed full ownership of the operation nearly 20 years ago,
Petroecuador has compiled a deplorable record of environmental irresponsibility, tallying more
than 1,400 oil spills since 2000 alone.
http://www.chevron.com/documents/pdf/texacopetroleumecuadorlawsuit.pdf