Chevron to pay $18 billion to Ecuador

To Reuters : ” An Ecuadorean appeals court on Tuesday upheld a ruling that Chevron Corp should pay $18 billion in damages to plaintiffs who accused the U.S. oil giant of polluting the Amazon jungle and damaging their health. “

” A judge ordered Chevron to pay $8.6 billion in environmental damages last February, but the amount was more than doubled to about $18 billion because Chevron failed to make a public apology as required by the original ruling. “

This brings further development to the story I ran in 2010 where I noted that during three decades Texaco operated hundreds of oil wells without taking any notice of environmental issues.

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The much lesser known Amazon oil spill

The French daily Le Figaro publishes a translation of the best New York Times articles each Friday. This enabled me to come accross another huge oil spill, this time located in Ecuador, South America.

During three decades Texaco operated more than 300 oil wells without taking any notice of environmental issues. As a result the company polluted the air, the soil and the water in a massive way. As the NYT puts it :

The quest for oil is, by its nature, colossally destructive. And the giant oil companies, when left to their own devices, will treat even the most magnificent of nature’s wonders like a sewer.”

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