On Tuesday the first-level appeal court in Ecuador, known as the Provincial Court of Justice of Sucumbios, upheld a lower court’s $18 billion judgment against Chevron for contaminating a large swath of the Amazon rainforest through its historical oil operations. Does the ruling mean that Chevron and the Ecuadorian plaintiffs will finally opt to settle the knockdown, dragged out Lago Agrio litigation, as Patrick Radden Keefe suggested in The New Yorker on Wednesday? We’re not holding our breath.
As has become typical in the 18-year saga, the opposing camps issued dueling press releases on the latest development.
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