Tuesday, February 15, 2011

Chevron Loses in Ecuadorian Court!

Ecuadoran court slaps Chevron with $8 billion fine

David R. Baker, Chronicle Staff Writer

Tuesday, February 15, 2011

An Ecuadoran judge today fined Chevron Corp. $8 billion in a bitter, 18-year-old lawsuit over oil-field contamination in the Amazon rain forest.

The judgment, however, does not mark the end of the marathon court case, closely watched by environmentalists and oil executives worldwide...

This is way less than the plaintiffs were asking for, and Chevron will, of course, employ every dirty trick in the book to delay and avoid paying this fine, but it's still an historic victory. The war is far from over, but the good guys just won a major battle.

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