An Ecuadorian judge has ruled that Chevron was responsible for widespread contamination of the country's Amazon basin and fined the company $8bn (£5bn).
Chevron fined $8bn over Amazon 'contamination' | Dominic Rushe | Environment | The Guar... - 0 views
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far below the $27.3bn sought by the plaintiffs – and they may appeal
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The epic and bitterly fought lawsuit over the "Amazon Chernobyl" has been going on for 18 years. It was brought on behalf of 30,000 people whose health and environment were allegedly damaged by chemical-laden waste water dumped by Texaco's operations from 1972 to 1990. Chevron bought Texaco in 2001.
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Breaking the ice: Exxon and Rosneft chart new course for Arctic future - 1 views
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Against a background of escalating tension between the US and Russia over events in Ukraine, oil companies from each country have been working to overcome the numerous challenges of extracting oil from the Arctic Ocean. Having completed one of the largest Arctic expeditions in history to understand the challenges, the partnership has now started to drill.
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