18 September 2013 22:57 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--An international arbitration tribunal has ruled that Chevron and its subsidiary Texaco Petroleum (TexPet) should not be held responsible for collective environmental damage claims that relate to an ongoing billion-dollar pollution case in Ecuador, the US oil giant said on Wednesday.
Chevron is fighting what it calls a “fraudulent” $19bn (€14bn) judgement by an Ecuadorian court in February 2011 that found Texaco, which was acquired by Chevron in 2001, guilty of dumping billions of toxic waste into the Lago Agrio region of the Ecuadorian Amazon between 1964 and 1990.
Chevron has rejected the verdict and refused to pay, claiming that it had cleaned up all waste pits before handing operations to state-owned oil firm, Petroecuador. Chevron filed the arbitration claim against the government of ?xml:namespace>
In the latest ruling, the tribunal at
The company said that lawyers acting for the plaintiffs have admitted themselves that their claims in the Lago Agrio case are exclusively collective and not individual.
“The game is up. This award by an eminent international tribunal confirms that the fraudulent claims against Chevron should not have been brought in the first place,” said Chevron’s vice president and general counsel, Hewitt Pate.
“It is now beyond question that efforts by American plaintiff lawyers and the government of
This latest development follows the tribunal’s verdict in February this year that
The tribunal said at the time that by failing to block the judgement,
According to Chevron, the next arbitration case at
In a separate lawsuit that will go to trial in
Chevron will argue that judges in the case were paid thousands of dollars by the plaintiffs’ lawyers to orchestrate a fraudulent judgement against the company.
In a further twist to the protracted battle, and in an attempt to end the RICO trial, the Ecuadorian plaintiffs and their lead
($1 = €0.75)
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