UPDATE 2-Argentine judge embargoes Chevron assets-lawyer
Wed Nov 7, 2012 3:43pm EST
Nov 7 (Reuters) - An Argentine judge has embargoed $19 billion in Chevron Corp assets in the South American country over an environmental damages lawsuit in Ecuador, a lawyer for the plaintiffs told reporters on Wednesday.
Indigenous tribespeople and farmers in the Ecuadorean Amazon have sued the U.S.-based oil major in Argentina and Colombia to collect a $19 billion award.
A 2011 decision by a court in Lago Agrio, Ecuador, ordered Chevron to pay the sum as a result of water contamination and inappropriately disposing of oil industry waste during crude production in the Amazon over a period of nearly 30 years.
Because Chevron has few assets in Ecuador that can be taken as compensation, the plaintiffs are trying to get the ruling enforced in other countries.