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

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9 replies	Author	Time	Post
Supreme Court refuses to block Chevron's $18.2 billion verdict for pollution in Ecuador (Original post)	Judi Lynn	Oct 2012	OP
Good news! K&R (nt)	Luminous Animal	Oct 2012	#1
So I wonder what the next delay tactic will be?	HankyDub	Oct 2012	#2
I don't believe they	sulphurdunn	Oct 2012	#8
They might.	bemildred	Oct 2012	#9
I hope the money that is awarded is distributed soon.	truedelphi	Oct 2012	#3
18.2 / 3 = long term happiness	AngryAmish	Oct 2012	#4
Amazing. The documentary film, CRUDE, is unforgettable.	proverbialwisdom	Oct 2012	#5
Excellent news	dipsydoodle	Oct 2012	#6
Figures, Alito was not involved in the decision. But still, amazingly good. nt	SunSeeker	Oct 2012	#7

Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 03:51 PM

Luminous Animal (17,327 posts)

1. Good news! K&R (nt)

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Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 04:01 PM

HankyDub (246 posts)

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

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

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Response to HankyDub (Reply #2)

Tue Oct 9, 2012, 06:33 PM

sulphurdunn (3,502 posts)

8. I don't believe they

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

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Response to HankyDub (Reply #2)

Tue Oct 9, 2012, 06:41 PM

bemildred (67,515 posts)

9. They might.

Last edited Tue Oct 9, 2012, 06:49 PM USA/ET - Edit history (1)

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 ...

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Response to Judi Lynn (Original post)

Tue Oct 9, 2012, 04:28 PM

truedelphi (25,961 posts)