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Chevron alleges Ecuador fraud in oil pollution case

Chevron claimed Tuesday that corrupt Ecuadoran plaintiffs mounted an elaborate fraud to win a multi-billion-dollar case against it for polluting the Amazonian rainforest, in arguments before a US court. "It was a scheme so audacious, so bold it would make a Mafia boss blush," argued Randy Mastro, a lawyer for the US oil giant. "But Chevron didn't give in and that's why Chevron is here to get justice."

Chevron alleges Ecuador fraud in oil pollution case

US energy giant Chevron claimed Ecuador used fraud to win an Ecuadoran pollution case against it, in final arguments at a trial Tuesday in a New York federal court. Chevron is fighting an Ecuadoran regional court ruling in 2011 ordering it to pay a $9 billion fine for environmental damage to the Amazon when the US oil company Texaco operated in Ecuador between 1964 and 1990. The fine, later increased to $19 billion, was reduced by Ecuador's Supreme Court to $9.51 billion on November 12.

Ecuador's Correa says will resign if Chevron proves interference

Ecuador's President Rafael Correa has promised to resign if Chevron proves his government interfered in a trial over Amazon pollution that resulted in a record fine against the US oil giant. "Let Chevron prove that the government interfered in the judgment and I will resign my post," Correa said Tuesday at a news conference in Guayaquil. Last week, the country's highest court confirmed the 2011 verdict against Chevron by a regional court, which the oil giant challenged. The high court's only concession was to cut the fine by half to $9.5 billion.

Ecuador asks arbitration court to dismiss Chevron case

Quito, Nov 16 (EFE).- Ecuador has asked an arbitration court in the Netherlands to dismiss a case brought against it by U.S. oil supermajor Chevron Corp., which is fighting attempts by plaintiffs in the South American nation to collect on a multi-billion-dollar pollution judgment. Chevron, meanwhile, says it will continue to pursue its lawsuit and called on Ecuador to comply with prior rulings in the case by The Hague-based Permanent Court of Arbitration.

Ecuador high court upholds verdict against Chevron, lowers penalty

Quito, Nov 14 (EFE).- Ecuador's National Court of Justice has upheld a pollution verdict against U.S. oil supermajor Chevron Corp., although it cut in half the $19 billion penalty imposed by a lower tribunal. In 2011, a court in the northeastern Amazon province of Sucumbios found that Texaco, acquired by Chevron in 2001, dumped millions of gallons of crude residue and toxic waste water in the rainforest between 1964 and the early 1990s and thereby spoiled the lands and damaged the health of the local population.

Chevron calls Ecuador ruling on Amazon damages 'illegitimate'

US oil giant Chevron Wednesday rejected as "illegitimate and unenforceable" an Ecuadoran court ruling upholding an order for it to pay billions of dollars for environmental damages to the Amazon. The ruling is "as illegitimate and unenforceable today as it was when it was issued," company spokesman James Craig said in an email to AFP. Ecuador's Supreme Court on Tuesday upheld a lower court decision against Chevron but dramatically reduced the amount to be paid in damages from $19 billion to $9.51 billion.

Indigenous man killed in Ecuador clash

An indigenous man was killed and nine soldiers injured -- four seriously -- in a clash in southeastern Ecuador amid a crackdown on illegal mining, authorities and relatives of the dead man said Friday. The government had announced the military injuries Thursday night, but Interior Minister Jose Serrano confirmed only Friday that the clash also left a civilian man dead. According to his relatives, the civilian was a 29-year-old from the Shuar ethnic group.

Correa pushing Ecuador cooperation with Russia

Moscow, Oct 29 (EFE).- Ecuadorian President Rafael Correa on Tuesday here made a definite push for cooperation with Russia in energy matters and in other strategic sectors. "Very important things have been settled" for Ecuador, Correa said of his second visit to Russia in four years. Correa and Russian leader Vladimir Putin presided at the signing of several energy and transportation accords, along with several letters of intent.

Ecuador could still consider Snowden's asylum bid

Ecuador's President Rafael Correa said on Tuesday that his country could still consider an application for political asylum from US fugitive Edward Snowden. "If Mr. Snowden ends up in the territory of Ecuador at some point, for example, if he comes to a diplomatic mission in some country and asks for asylum, we will accept his application, look at all the legal aspects, and make a decision," the Ecuadoran leader said in a press-conference in Moscow after meeting with Russian President Vladimir Putin.

Russian bank loans Ecuador $195.2 mn to build power plant

Russian bank Roseximbank is loaning Ecuador $195.2 million for the construction of a new power plant, the Latin Americana country's strategic sectors ministry said Tuesday. The new plant -- a 187 megawatt natural gas thermoelectric power plant in the southwestern coastal province of El Oro -- will be run by Russian company Inter Rao Ues. Operations are to start in 2016, the ministry said. The loan was agreed to during Ecuador President Rafael Correa's current visit to Russia, part of a trip that also includes stops in Belarus and France.
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