An Ecuadorean judge ruled Monday in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador's northern jungle and ordered the oil giant to pay $9.5 billion in damages and cleanup costs.The amount - $8.6 billion plus a legally mandated 10 percent reparations fee - was far below the $27.
February 15, 2011 at 12:00 AM
1 minute read
An Ecuadorean judge ruled Monday in an epic environmental case that Chevron Corp. was responsible for oil drilling contamination in a wide swath of Ecuador’s northern jungle and ordered the oil giant to pay $9.5 billion in damages and cleanup costs.
The amount – $8.6 billion plus a legally mandated 10 percent reparations fee – was far below the $27.3 billion award recommended by a court-appointed expert but appeared to be the highest damage award ever issued in an environmental lawsuit.
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