Monday, February 14, 2011

Chevron Ordered By Ecuador Court To Pay $8 Billion

Chevron Ordered By Ecuador Court To Pay $8 Billion: "A court in Ecuador's Amazon jungle has ordered Chevron to pay $8 billion in a closely-watched environmental lawsuit, but the U.S. oil company rejected the ruling as 'illegitimate'.

The highly controversial case has triggered related legal action in U.S. courts and international arbitration and is being monitored by the oil industry for precedents that could lead to other large claims."

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