Thursday, October 11, 2012

The Supreme Court Rejects Chevron's $19 billion appeal

http://www.ens-newswire.com/ens/may2010/2010-05-26-092.html
In what is not a traditional natural hazard caused by nature but rather by humans creating a hazard against nature, Chevron's appeal was denied on October 9th, 2012 by the US supreme court for inheriting the damages done to Lago Agrio in Ecuador. The oil company bought Texaco in 2001, which is blamed for causing major damage to the environment in this area between 1964 and 1992 totaling up to $19 billion dollars owed by the company. Although the court did not explain the exact reason for making the decision, Chevron still expects to fight the fradulent Ecuadorean judgment. The amount was originally supposed to be $8.6 billion in damages to the environment, but because the company at the time (Texaco) did not apologize to the public, that total more than doubled. Residents of the area are still dealing with the environmental impacts of this disaster, which greatly affects their drinking water and the marine life they depend on for a food source.

http://www.bbc.co.uk/news/world-us-canada-19892561

No comments:

Post a Comment