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."FULL STORY
Your choice Chevron; pay and continue to exploit the Amazon or go away. Simple.
You messed up their country, now FIX IT!
Not Andreas Moser @12:59.
Talk to hugo chavez hes playing a big part in this, hes got his cola nose in everything involving the US . Even in colunbia
i like how stories like this are hard to find.