Chevron Refuses to Pay $8.6 Billion for Amazon Pollution, US Judge Protects Them
Posted on Feb 18, 2011 in Global & National NewsSource: Russia Today
TruthisTreason.net
An Ecuadorian court has ordered Chevron to pay $8.6 billion in reparations to the victims of oil pollution in a remote rainforest. Chevron refuses to pay and New York has preemptively blocked any financial judgment against the company.
UPDATE: March 7th, 2011
In a New York courtroom today, oil giant Chevron Corp. won a halt to enforcement of an $18 billion judgment for oil pollution of the Ecuadorian Amazon imposed by a court in Ecuador. Granting Chevron’s request for a preliminary injunction, U.S. District Judge Lewis Kaplan ruled in Manhattan that Chevron faced “imminent” and “irreparable” harm to its reputation and business relationships.
The legal dispute has gone on for 17-years. Amazonian villagers and Chevron have been at odds in the Ecuadorian courts, only to be blocked by Judge Lewis Kaplan in the United States.
The US judge has ordered that no financial judgment against Chevron may collect Chevron’s assets because it might interfere with the company’s daily workflow and impact the global economy.
Hayden’s Note:
Wha?! That’s the risk of doing business! We now have oil companies that are “too big to fail?”
Ecuadorian courts acting on their jurisdiction in Ecuador regarding an even that took place within their own rainforests have ordered Chevron to pay $8.6 billion anyway.
Investigative journalist Greg Palast said in the instance of the BP oil spill in the Gulf of Mexico, Obama demanded the company pay up to solve the problem.
However, BP is a British corporation and the spill impacted American waters and coastlines directly.
“The question is will President Obama apply the same standards to an American corporation as he has to a British corporation,” Palast said. “We’re waiting to see.”
Palast explained the damage in the Amazon is far worse than the BP spill, and it routinely impacting the lives and health of the people.
“They impoverished and poised the area,” he added. “Chevron went in there, its Texaco unit, and made it poor. It was a pretty clean place before they arrived.”
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