HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Latest Breaking News (Forum) » Supreme Court refuses to ...
Introducing Discussionist: A new forum by the creators of DU

Tue Oct 9, 2012, 03:14 PM

Supreme Court refuses to block Chevron's $18.2 billion verdict for pollution in Ecuador

Source: Reuters

Supreme Court refuses to block Chevron's $18.2 billion verdict for pollution in Ecuador
Reuters mercurynews.com
Posted: 10/09/2012 11:57:40 AM PDT
October 9, 2012 6:59 PM GMTUpdated: 10/09/2012 11:57:41 AM PDT

WASHINGTON -- Chevron on Tuesday lost a U.S. Supreme Court bid to block an $18.2 billion Ecuadorian judgment against the San Ramon oil company in a case over pollution in the Amazon jungle.

A lower court threw out an injunction blocking enforcement of the judgment in January. Chevron appealed to the Supreme Court, which rejected the appeal without explanation.

The decision is the latest in a nearly two-decade conflict between Chevron and residents of Ecuador's Lago Agrio region over claims that Texaco, bought by Chevron in 2001, contaminated the area from 1964 to 1992. The battle has spawned litigation in numerous courts both inside and outside the United States.

Oil companies are watching the case closely because it may affect other cases accusing companies of polluting the areas where they operate.

Read more: http://www.mercurynews.com/business/ci_21732872/supreme-court-refuses-block-chevrons-18-2-billion?source=rss

9 replies, 2597 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 9 replies Author Time Post
Reply Supreme Court refuses to block Chevron's $18.2 billion verdict for pollution in Ecuador (Original post)
Judi Lynn Oct 2012 OP
Luminous Animal Oct 2012 #1
HankyDub Oct 2012 #2
sulphurdunn Oct 2012 #8
bemildred Oct 2012 #9
truedelphi Oct 2012 #3
AngryAmish Oct 2012 #4
proverbialwisdom Oct 2012 #5
dipsydoodle Oct 2012 #6
SunSeeker Oct 2012 #7

Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 03:51 PM

1. Good news! K&R (nt)

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 04:01 PM

2. So I wonder what the next delay tactic will be?

 

You don't think they are going to just pay up, do you?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to HankyDub (Reply #2)

Tue Oct 9, 2012, 06:33 PM

8. I don't believe they

can delay any longer. They can retaliate however. Look for a coup.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to HankyDub (Reply #2)

Tue Oct 9, 2012, 06:41 PM

9. They might.

1.) A good deal of money has been pissed away fighting this already.
2.) Legal options are pretty much exhausted.
3.) It looks tacky, one could think the game was rigged if it were to get reversed now.
4.) It's going to be difficult for Chevron to hide its assets.
5.) The shareholders may wish to put all this unpleasantness behind them.

On the other hand, the precedent of a Company like Chevron being called to account no doubt upsets them greatly, so ...

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 04:28 PM

3. I hope the money that is awarded is distributed soon.

The people of Ecuador have been waiting a long long time.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 04:31 PM

4. 18.2 / 3 = long term happiness

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 04:31 PM

5. Amazing. The documentary film, CRUDE, is unforgettable.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 05:21 PM

6. Excellent news

.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 06:24 PM

7. Figures, Alito was not involved in the decision. But still, amazingly good. nt

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread