Argentine court upholds freeze on Chevron assets

Posted by Reuters: Guido Nejamkis on January 30th, 2013
Reuters: An Argentine appeals court has upheld a freeze on up to $19 billion worth of assets held by U.S. oil major Chevron Corp in Argentina as part of an environmental lawsuit by Ecuadorean villagers, one of the plaintiffs' lawyers said on Wednesday. An Ecuadorean court last year ordered Chevron to pay the enormous sum for contamination of watersheds over nearly 30 years that the plaintiffs say sickened indigenous tribes people and farmers in the Ecuadorean Amazon. Chevron, which vowed to fight the......

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