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Chevron Open to Mediation Over $19 Billion Environmental Damage Fine

A high-level company executive said that Chevron Corp. is open to having the Bolivarian Alternative for the Americas, or ALBA, or the Union of South American Nations, or Unasur, mediate with Ecuador. Chevron has been ordered by an Ecuadorian court to pay $19 billion for irreversible environmental damage caused in the Amazon between 1964 and the early 1990s by Texaco. The case involves some 30,000 Amazon villagers who contend Texaco, which Chevron acquired in 2001, spoiled their lands and damaged their health by dumping billions of gallons of toxic drilling waste in a 480,000-hectare area of the Ecuadorian Amazon. Read More

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