Ecuadorian Court Upholds Chevron Verdict but Cuts Fine in Half

14 Nov 2013 by OOSKAnews Correspondent
QUITO, Ecuador
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The Ecuadorian Supreme Court this week upheld the liability finding against US oil giant Chevron Corporation for contamination in the nation’s Amazon region, although it reduced the company’s fine by half -- from $19 billion USD to $9.5 billion USD.The original fine imposed in 2011 was $9.5 billion USD for damages, which was doubled a year later for refusing to publicly apologize for the pollution caused when Texaco, which was purchased by Chevron in 2001, operated in Ecuador between 1964 and 1992.The Ecuadorian court found that Texaco had intentionally dumped 16 billion gallons of toxic wastewater in an area of rainforest called the Orient from 1964 through 1990...

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