UPDATE 1-Chevron appeals against Ecuador damages award

Posted by Washington Post: Juliet Eilperin on March 10th, 2011
Reuters: Chevron Corp. has filed an appeal against an $8.6 billion damages ruling by an Ecuadorean judge in one of the largest environmental lawsuit judgments ever, a local court official said on Thursday. A judge in Ecuador's Amazon in February ruled against Chevron, demanding the company pay for contamination from petroleum drilling in the 1970s and 1980s by Texaco, which was later purchased by the U.S. oil giant. Chevron (CVX.N) has denied the accusations and had previously said it would......

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