Free Newsletters - Space - Defense - Environment - Energy - Solar - Nuclear
..
. Energy News .




ENERGY TECH
Chevron decries court refusal to block Ecuador fine
by Staff Writers
New York (AFP) Oct 9, 2012


Oil giant Chevron said it was disappointed by the US Supreme Court's decision not to block an $18 billion fine sought by Ecuador for environmental damage in the Amazon.

"While Chevron is disappointed that the court denied our petition, we will continue to defend against the plaintiffs' lawyers' attempts to enforce the fraudulent Ecuadoran judgment," the company said in an email statement.

Chevron Corporation appealed to the highest US court an Ecuadoran court order to pay $18.2 billion, which was raised to some $19 billion in August.

The Supreme Court, in a brief statement, offered no explanation for its decision to not take up the case.

The Ecuadoran complaint stems from years of unchecked pollution in the Amazon attributed to Texaco Petroleum, which Chevron acquired in 2001.

Chevron has called the Ecuadoran court order a "product of bribery, fraud."

"Chevron is being blamed for a situation that is the sole responsibility of the Ecuadoran government and Petroecuador," Ecuador's state-owned oil company which was the majority partner in a consortium with Texaco, the US company says on its website.

The plaintiffs have filed lawsuits in Canada and Brazil to go after the company's assets in third countries, saying Chevron has virtually no assets in Ecuador that could be seized.

Texaco polluted large areas of Ecuador's Amazon jungle when it operated in the region from 1964 to 1990, a decade before being acquired by Chevron, according to indigenous groups and local farmers.

After years of litigation, an Ecuadoran court in February 2011 ordered Chevron to pay $18.2 billion in damages, a ruling upheld by Ecuador's Supreme Court.

Chevron has accused the Ecuadoran judge who ruled on the case of fraud and breach of trust.

The San Ramon, California-based company vowed Tuesday to continue fighting the plaintiffs and their lawyers, saying it would "further expose their misconduct in our pending RICO case in New York and other proceedings."

Chevron has filed a complaint in the US District Court in New York, alleging fraud and violations under the Racketeer Influenced and Corrupt Organizations Act.

On July 31, the New York federal court said it was premature to say that Chevron was entitled to have the damages blocked.

Shares in Dow member Chevron were up 0.2 percent at $117.82 in late-morning trade in New York.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





ENERGY TECH
What Impact does Oil have on the Syrian Civil War?
Washington DC (SPX) Oct 10, 2012
There is a popular belief in the Middle East that Washington's foreign policy, particularly as it relates to this precarious region, is largely driven by America's dependency on, and insatiable appetite for Arab oil. One can make a good argument for that. Had Syria been a major oil producing country chances are the US would have already dispatched military forces to impose a pax Americana ... read more


ENERGY TECH
Regulator: Britain faces power shortages

Money: A New (Decentralized) Shade of Green

Energy New Front in Economic Warfare

Ireland Unlikely To Meet EU Energy Targets

ENERGY TECH
Chevron decries court refusal to block Ecuador fine

Topological Superconductors

Using less gas and oil to get where you're going

Britain weighing tax breaks on shale gas: Osborne

ENERGY TECH
Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

EU wind power capacity reaches 100GW

Lawsuit fights Obama ban on wind farm sale to Chinese

ENERGY TECH
China's solar slump to strengthen sector?

Researchers Reveal How Solvent Mixtures Affect Organic Solar Cell Structure

Eclipsall Solar PV Panels Featured in Veridian Headquarters Rooftop Solar Array

Optimism Sets Tone As Solar Power International Makes First Visit to Southeast

ENERGY TECH
S. Korea denies entry to Greenpeace activists

Japan forum to discuss nuclear-free energy future

Japan PM tours troubled Fukushima nuclear plant

Czechs nix French Areva bid on nuke plant

ENERGY TECH
Computational Model IDs Potential Pathways to Improve Plant Oil Production

Biorefining: The new green wave

Turd-eating worms clear air around Canadian toilets

Napiergrass: A Potential Biofuel Crop for the Sunny Southeast

ENERGY TECH
Meeting of heads of ESA and China Manned Space Agency

China Spacesat gets 18-million-USD gov't support

Tiangong Orbit Change Signals Likely Date for Shenzhou 10

China Focus: Timeline for China's space research revealed

ENERGY TECH
U.S.-China climate action suggested

Climate: Scepticism highest in US, Britain - poll

Humans added plenty greenhouse gases before industrialisation

Salt marsh carbon may play role in slowing climate warming




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement