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Recent News on the Keywords, chevron owes + expert + chevron , Related to the Article Below:

Expert: Chevron owes for tainting Amazon
USA Today - Apr 2, 2008
QUITO, Ecuador (AP) ? A court-appointed expert says Chevron should pay up to $16 billion for allegedly polluting the Ecuadorean Amazon. ...

AFP
Chevron denies 16.5-billion-dollar pollution damage in Ecuador
AFP - Apr 14, 2008
Chevron, Perez said, "owes not a single penny" in Ecuador and "is not willing to give in," calling the Supreme Court-commissioned report "illegal and unfair ...
Banana Republic and Friends
Wall Street Journal - Apr 18, 2008
According to last month's "expert" report, written by a mining engineer named Richard Stalin Cabrera, Chevron owes $2.9 billion in compensation for 428 ...
Chevron owes Ecuador billions for pollution
Green Left Weekly, Australia - Apr 6, 2008
According to an April 3 Reuters report, an independent environmental expert told a court in Ecuador that US oil giant Chevron should pay US$7 billion to $16 ...
Report Says Chevron Owes Billions for Ecuadorean Pollution
New York Times, United States - Apr 2, 2008
By REUTERS An independent environmental expert told a court in Ecuador that the oil company Chevron should pay $7 billion to $16 billion in compensation for ...
Source: Google News
   
   

QUITO, Ecuador (AP) — A court-appointed expert says Chevron should pay up to $16 billion for allegedly polluting the Ecuadorean Amazon.

A class-action lawsuit by 30,000 jungle settlers and Indians alleges the San Ramon, California-based company failed to clean up billions of gallons of toxic wastewater produced by Texaco Petroleum Co., which Chevron acquired in 2001.

The court in the jungle town of Lago Agrio confirmed the multibillion-dollar damage total to The Associated Press on Wednesday. It was tallied by geological engineer Richard Cabrera, but has yet to be approved by a judge.

Plaintiffs lawyer Pablo Fajardo told the AP that Cabrera recommends Chevron pay at least $8 billion in damages, and possibly another $8 billion representing company savings by operating recklessly.

"This is a significant advance because it gets us closer to the end of the trial," Fajardo said.

Chevron denies the allegations and says Texaco, which ended its Ecuador operations in 1992 after three decades, followed Ecuadorean environmental laws in a $40 million cleanup, which the government approved in 1998.

The oil company has repeatedly complained that Cabrera is not qualified to make the analysis and has questioned his impartiality.

"This trial is a farce," said Ricardo Reis Viega, Chevron's vice president for Latin America.

"We didn't know anything about this," he said of the report. "We found out because the press called."

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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