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Benno Hansen

Chevron fined $8bn over Amazon 'contamination' | Dominic Rushe | Environment | The Guardian - 0 views

  • An Ecuadorian judge has ruled that Chevron was responsible for widespread contamination of the country's Amazon basin and fined the company $8bn (£5bn).
  • far below the $27.3bn sought by the plaintiffs – and they may appeal
  • 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.
  • ...2 more annotations...
  • Chevron had claimed that Ecuador was violating the terms of a 1997 trade pact with the US.
  • According to a report by Sweden's Umeå International School of Public Health more than 30bn gallons of toxic wastes and crude oil had been discharged into the land and waterways of Ecuador's Amazon basin - or "Oriente". This compares to the 10.8m gallons spilled in the Exxon Valdez disaster in 1989 in Alaska or 205m gallons spilt in BP's Deepwater Horizon disaster. The report claims there are at least two big oil spills per week in the area. Printable version Send to a friend Share Clip Contact us larger | smaller Environment Pollution · Oil · Energy Business Oil · Commodities World news Ecuador More news Related 7 Jun 2010 Exxon Mobil argues against knee-jerk reaction to Gulf oil spill 31 Aug 2010 Greenland's prime minister lambasts Greenpeace for raiding Arctic oil rig 7 May 2010 Chevron wins access to film-maker's Amazon pollution footage 1 Dec 2010 A climate journey - The Andes: Ecuador's rainforests
Steve Stearns

The Most Profitable Company in US History - 0 views

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    Can you guess who earned the most profits last year? If you guessed Exxon you are right! You and I are funding these profits be paying higher gas prices at the pump.

    While you're pinching every penny to feed your family and cutting back to conserve they pocketed 39.5 billion and assured their pla
Alex Parker

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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