January 4th, 2012
09:01 AM ET

Ecuador court upholds $8.6 billion ruling against Chevron

An Ecuadorian appeals court upheld an $8.6 billion ruling against oil giant Chevron stemming from claims that the company had a detrimental impact on Amazonian communities where it operated.

The judgment against Chevron is the latest in 19 years of litigation between Amazon residents and Texaco, which was later purchased by Chevron.

A three-judge panel handed down the ruling Tuesday, nearly a year after receiving the case, the state-run Andes news agency reported.

In addition, the appeals court ruled that Chevron must publicly apologize to Ecuador, and if it fails to do so, the fine will be doubled to nearly $18 billion, Andes reported.

In a statement, Chevron said the appeals court ruling "is another glaring example of the politicization and corruption of Ecuador's judiciary that has plagued this fraudulent case from the start."

Post by:
Filed under: Ecuador • Lawsuit
soundoff (4 Responses)
  1. Jim TX

    Your choice Chevron; pay and continue to exploit the Amazon or go away. Simple.

    January 4, 2012 at 1:37 pm | Report abuse |
  2. banasy©

    Pay them.
    You messed up their country, now FIX IT!

    Not Andreas Moser @12:59.

    January 4, 2012 at 1:58 pm | Report abuse |
  3. Tcr c2

    Talk to hugo chavez hes playing a big part in this, hes got his cola nose in everything involving the US . Even in colunbia

    January 4, 2012 at 11:02 pm | Report abuse |
  4. chevron employee

    i like how stories like this are hard to find.

    January 17, 2012 at 2:24 am | Report abuse |