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Chevron damages bill in Ecuador rises to $19 bn
by Staff Writers
Quito (AFP) July 26, 2012


Chevron has been ordered to pay more than $19 billion in environmental damages, $1 billion more than originally decided, after an Ecuadoran court adjusted the amount on appeal, a source said Thursday.

"Due to an involuntary calculation error, the reparations now amount to $19,021,552,000," said a court source in the northeastern Amazonian province of Sucumbios.

Some 30,000 indigenous people and local farmers say the US oil firm Texaco contaminated large areas of Ecuador's Amazon Jungle when it operated in the region from 1964 to 1990, roughly a decade before Chevron acquired the company.

After years of litigation, an Ecuadoran court in February 2011 ordered the company to pay $18 billion in damages.

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ENERGY TECH
South China Sea: a decades-long source of tension
Manila (AFP) July 27, 2012
Rival claims to the South China Sea have for decades been a source of tension in the region. Below are key facts on the sea and the competing claims: GEOGRAPHY The South China Sea covers more than 3,000,000 square kilometres (1,200,000 square miles) on the western edge of the Pacific, with China and Taiwan to the north, the Philippines to the east, Borneo island to the south, and Vietnam ... read more


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