Ecuador court orders Chevron to pay $8.6 bln

Posted by Reuters: Victor Gomez on February 15th, 2011
Reuters: A court in Ecuador's Amazon told Chevron Corp on Monday to pay $8.6 billion in environmental damages, but the U.S. oil company vowed to fight on in a lawsuit seen as a global test case. Chevron said it would appeal, meaning the case, which dates from drilling in the Andean nation during the 1970s and 1980s, could drag on. The legal battle has spawned accusations of dirty tricks and bribery. Activists portray it as a fight for justice against rich polluters, but Chevron says it is driven more......

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