Chevron penalty is $9.5 bln for cleanup in Ecuador

Posted by Washington Post: Juliet Eilperin on February 15th, 2011
Agence France-Presse: US oil giant Chevron's court-ordered indemnification of Ecuadoran communities for environmental pollution increases 10 percent to $9.5 billion under a provision in Ecuadoran law, a lawyer for the plaintiffs said Tuesday. The $8.6 billion penalty announced Monday did not include an additional 10 percent allowed under the law for environmental management costs, according to Pablo Fajardo, attorney for the Amazon communities that sued Texaco in 1993. It is believed to be the largest fine imposed......

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