Feb 14, 2011
Ecuador court orders Chevron to pay $8.6 bln
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.
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Source: Reuters
Category:
Offshore and Energy
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