Texaco http://www.globalpost.com/taxonomy/term/42203/all en YPF: Embargo against Chevron could deter investment in Argentina http://www.globalpost.com/dispatch/news/agencia-efe/130328/ypf-embargo-against-chevron-could-deter-investment-argentina <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agencia EFE </div> </div> </div> <!--paging_filter--><p>Buenos Aires, Mar 28 (EFE).- The CEO of Argentine state-controlled oil company YPF says a court ruling embargoing the assets of Chevron Corp.'s local subsidiary could hinder investment flows into the South American country.</p> <p>Miguel Galuccio, who has headed YPF since Argentina seized a 51 percent stake in the company last year from Spain's Repsol, issued the warning in an open letter to a group of Ecuadorian plaintiffs trying to collect on a huge judgment against Chevron for environmental damage in the Amazon.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.efe.com" class="button wire efe"></a></p> <p><a href="http://www.globalpost.com/terms-use#efe"><span>Copyright EFE, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/agencia-efe/130328/ypf-embargo-against-chevron-could-deter-investment-argentina" target="_blank">read more</a></p> Chevron Corp Disaster Ecuador Politics Socialism Texaco Agencia EFE Thu, 28 Mar 2013 21:01:24 +0000 5796604 at http://www.globalpost.com Ontario judge dismisses $19B Ecuador environmental judgment against Chevron http://www.globalpost.com/dispatch/news/the-canadian-press/130501/ontario-judge-dismisses-19b-ecuador-environmental-judgment-a <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> The Canadian Press </div> </div> </div> <!--paging_filter--><p>TORONTO - A long-standing legal battle between a group of Ecuadorian villagers and multinational oil giant Chevron Corp. over whether its Canadian subsidiary should be on the hook for a US$19-billion judgment has been dismissed by the Ontario Superior Court.</p> <p>In a 37-page decision Wednesday, Justice David Brown stayed the action, but ruled that the Canadian courts have no jurisdiction to enforce the controversial award handed down by an Ecuadorian court against Chevron.</p> <p><a href="http://www.globalpost.com/dispatch/news/the-canadian-press/130501/ontario-judge-dismisses-19b-ecuador-environmental-judgment-a" target="_blank">read more</a></p> Business Chevron Canada Chevron Corp Chevron Corporation Economy of the United States Hospitality Law Lawsuit Politics Texaco The Canadian Press Thu, 02 May 2013 00:15:03 +0000 5829572 at http://www.globalpost.com Chevron CEO ordered to testify in fraud case against Ecuadoreans http://www.globalpost.com/dispatch/news/thomson-reuters/130511/chevron-ceo-ordered-testify-fraud-case-against-ecuadoreans <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>(Reuters) - A judge on Tuesday ruled that Chevron Corp's &lt;CVX.N&gt; chief executive must testify in the U.S. oil company's fraud case against Ecuadoreans seeking to collect on a $19 billion judgment against Chevron related to rainforest pollution.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130511/chevron-ceo-ordered-testify-fraud-case-against-ecuadoreans" target="_blank">read more</a></p> Chevron Corp Chevron Corporation Disaster Economy of the United States Law Texaco Thomson Reuters Sat, 11 May 2013 21:03:20 +0000 5835807 at http://www.globalpost.com Chevron claims new proof of fraud in Ecuador pollution ruling http://www.globalpost.com/dispatch/news/afp/130909/chevron-claims-new-proof-fraud-ecuador-pollution-ruling <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>US oil giant Chevron, hit in Ecuador with a record $19 billion fine for pollution, asked Monday for the court to consider what it claimed was "new evidence" the judge in the case was corrupt.</p> <p>In a statement in Quito, the company -- which has been castigated by President Rafael Correa for refusing to pay the fine -- said it had presented the prosecutor with "4,000 pages of new evidence" concerning the judge's alleged fraud and breach of trust.</p> <p>Chevron has never worked directly in Ecuador but inherited the pollution lawsuit when it acquired Texaco in 2001.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130909/chevron-claims-new-proof-fraud-ecuador-pollution-ruling" target="_blank">read more</a></p> Chevron Chevron Corporation Disaster Ecuador Human Interest Socialism Texaco AFP Tue, 10 Sep 2013 00:46:36 +0000 5929085 at http://www.globalpost.com Ecuador's Correa calls for Chevron environmental boycott http://www.globalpost.com/dispatch/news/afp/130917/ecuadors-correa-calls-chevron-environmental-boycott <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Ecuadoran President Rafael Correa called Tuesday for a global boycott of Chevron, as part of a campaign to highlight Amazon environmental damage Ecuador attributed to the US oil giant.</p> <p>Chevron has never worked directly in Ecuador but inherited a pollution lawsuit when it acquired Texaco in 2001, and has yet to pay an associated fine.</p> <p>"The tools that we will use to fight Chevron are the truth and a call for solidarity of citizens of the world to not buy Chevron products," Correa said as he launched the campaign.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130917/ecuadors-correa-calls-chevron-environmental-boycott" target="_blank">read more</a></p> Chevron Disaster Ecuador Politics Socialism Texaco AFP Tue, 17 Sep 2013 19:16:58 +0000 5936782 at http://www.globalpost.com Ecuador's Correa calls for Chevron boycott http://www.globalpost.com/dispatch/news/afp/130917/ecuadors-correa-calls-chevron-boycott <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Ecuadoran President Rafael Correa called Tuesday for a global boycott of Chevron, as part of a campaign to highlight Amazon pollution that Quito has attributed to the US oil giant.</p> <p>Chevron has never worked directly in Ecuador but inherited a pollution lawsuit when it acquired Texaco in 2001, and has yet to pay an associated $19 billion fine.</p> <p>"This is one of the biggest environmental disasters in the world," Correa said as he launched the campaign in the town of Aguarico, in the north Amazonian province of Sucumbios, where Texaco operated between 1964 and 1990. </p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/130917/ecuadors-correa-calls-chevron-boycott" target="_blank">read more</a></p> Chevron Disaster Ecuador Politics Socialism Texaco AFP Tue, 17 Sep 2013 21:32:41 +0000 5936929 at http://www.globalpost.com Tribunal finds Ecuador released Chevron from pollution liability http://www.globalpost.com/dispatch/news/thomson-reuters/130918/tribunal-finds-ecuador-released-chevron-pollution-liability <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Braden Reddall</p> <p>(Reuters) - In a dispute stemming from a lengthy legal battle over Amazon rain forest pollution, arbitrators ruled that Chevron had already settled claims for damages in agreements with Ecuador despite a $19 billion award against the oil company.</p> <p>The international tribunal, acting under The Hague's Permanent Court of Arbitration, said in a ruling on Tuesday that Ecuador opted not to pursue damages beyond the country's 1995 and 1998 release agreements with Texaco - a company bought by Chevron in 2001.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/130918/tribunal-finds-ecuador-released-chevron-pollution-liability" target="_blank">read more</a></p> Chevron Corp Ecuador Politics Socialism Technology Texaco Thomson Reuters Wed, 18 Sep 2013 23:17:46 +0000 5938081 at http://www.globalpost.com Ecuador high court upholds Chevron verdict, halves fine http://www.globalpost.com/dispatch/news/thomson-reuters/131113/ecuador-high-court-upholds-verdict-against-chevron-halves-fine <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Alexandra Valencia</p> <p>QUITO (Reuters) - Ecuador's highest court upheld a verdict that U.S. oil company Chevron Corp &lt;CVX.N&gt; is responsible for pollution in an Amazon rainforest, but halved the fine imposed in a previous trial to $9.5 billion, a decision the company dismissed as illegitimate.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131113/ecuador-high-court-upholds-verdict-against-chevron-halves-fine" target="_blank">read more</a></p> Chevron Corp Chevron Corporation Economy of the United States Texaco Texaco Thomson Reuters Wed, 13 Nov 2013 19:03:50 +0000 5988307 at http://www.globalpost.com Chevron calls Ecuador ruling on Amazon damages 'illegitimate' http://www.globalpost.com/dispatch/news/afp/131113/chevron-calls-ecuador-ruling-amazon-damages-illegitimate-1 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131113/chevron-calls-ecuador-ruling-amazon-damages-illegitimate-1" target="_blank">read more</a></p> Business Chevron Chevron Corporation Disaster Ecuador Hospitality Law Politics Socialism Texaco AFP Wed, 13 Nov 2013 23:24:56 +0000 5988588 at http://www.globalpost.com Ecuador high court upholds verdict against Chevron, lowers penalty http://www.globalpost.com/dispatch/news/agencia-efe/131114/ecuador-high-court-upholds-verdict-against-chevron-lowers-penalty <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agencia EFE </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.efe.com" class="button wire efe"></a></p> <p><a href="http://www.globalpost.com/terms-use#efe"><span>Copyright EFE, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/agencia-efe/131114/ecuador-high-court-upholds-verdict-against-chevron-lowers-penalty" target="_blank">read more</a></p> Chevron Corp Disaster Ecuador Politics Social Issues Socialism Technology Texaco Agencia EFE Thu, 14 Nov 2013 18:43:22 +0000 5989510 at http://www.globalpost.com Ecuador asks The Hague to quash Chevron case http://www.globalpost.com/dispatch/news/afp/131115/ecuador-asks-the-hague-quash-chevron-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>Ecuador has asked the The Hague's Permanent Court of Arbitration to dismiss a case brought by US oil giant Chevron, which stands accused of polluting a vast area of the Amazon, officials said Friday.</p> <p>Ecuador has requested the court issue a "definitive suspension" of the case brought by Chevron, which is challenging a $9.5 billion fine, Ecuador legal officials confirmed to AFP via email. </p> <p>The request was filed Thursday. "There is no deadline for the court to decide," the Ecuador justice source said.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131115/ecuador-asks-the-hague-quash-chevron-case" target="_blank">read more</a></p> Business Chevron Chevron Corporation Economy of the United States Hospitality Law Petroecuador Politics Texaco AFP Fri, 15 Nov 2013 20:01:23 +0000 5990544 at http://www.globalpost.com In testimony, lawyer will deny bribery in Chevron-Ecuador case http://www.globalpost.com/dispatch/news/thomson-reuters/131115/testimony-lawyer-will-deny-bribery-chevron-ecuador-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Thomson Reuters </div> </div> </div> <!--paging_filter--><p>By Joseph Ax</p> <p>NEW YORK (Reuters) - Steven Donziger, the lawyer accused by Chevron Corp of using bribery to secure a $19 billion judgment over pollution in Ecuador, has never been shy about his opinion of U.S. District Judge Lewis Kaplan.</p> <p>"What he's doing is not judging," Donziger said of Kaplan, who is presiding over a non-jury trial on Chevron's claims in a federal court in New York. "He's prosecuting."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://thomsonreuters.com" class="button wire reuters"></a></p> <p><span>Copyright Thomson Reuters, 2013.</span></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/thomson-reuters/131115/testimony-lawyer-will-deny-bribery-chevron-ecuador-case" target="_blank">read more</a></p> Chevron Corp Chevron Corporation Economy of the United States Petroecuador Texaco Thomson Reuters Sat, 16 Nov 2013 00:02:02 +0000 5990741 at http://www.globalpost.com Ecuador asks arbitration court to dismiss Chevron case http://www.globalpost.com/dispatch/news/agencia-efe/131116/ecuador-asks-arbitration-court-dismiss-chevron-case <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agencia EFE </div> </div> </div> <!--paging_filter--><p>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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.efe.com" class="button wire efe"></a></p> <p><a href="http://www.globalpost.com/terms-use#efe"><span>Copyright EFE, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/agencia-efe/131116/ecuador-asks-arbitration-court-dismiss-chevron-case" target="_blank">read more</a></p> Chevron Corp Ecuador Politics Social Issues Socialism Technology Texaco Agencia EFE Sat, 16 Nov 2013 18:00:54 +0000 5991162 at http://www.globalpost.com Ecuador's Correa says will resign if Chevron proves interference http://www.globalpost.com/dispatch/news/afp/131120/ecuadors-correa-says-will-resign-if-chevron-proves-interference <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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.</p> <p>"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.</p> <p>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.</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131120/ecuadors-correa-says-will-resign-if-chevron-proves-interference" target="_blank">read more</a></p> Chevron Chevron Corporation Disaster Ecuador Socialism Texaco AFP Wed, 20 Nov 2013 15:17:30 +0000 5994775 at http://www.globalpost.com Chevron alleges Ecuador fraud in oil pollution case http://www.globalpost.com/dispatch/news/afp/131126/chevron-alleges-ecuador-fraud-oil-pollution-case-0 <div class="field field-type-text field-field-byline1"> <div class="field-items"> <div class="field-item odd"> Agence France-Presse </div> </div> </div> <!--paging_filter--><p>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. </p> <p>"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."</p> <div class="field field-type-text field-field-wire-copyright"> <div class="field-items"> <div class="field-item odd"> <p><a href="http://www.afp.com/" class="button wire afp"></a></p> <p><a href="http://www.globalpost.com/terms-use#afp"><span>Copyright AFP, 2013.</span></a></p> </div> </div> </div> <p><a href="http://www.globalpost.com/dispatch/news/afp/131126/chevron-alleges-ecuador-fraud-oil-pollution-case-0" target="_blank">read more</a></p> Business Chevron Disaster Ecuador Hospitality Law Politics Socialism Texaco AFP Tue, 26 Nov 2013 23:02:16 +0000 6000955 at http://www.globalpost.com