Ecuador Sends Request to The Hague to Dismiss Chevron Arbitration Process

16 Nov 2013   Ecuador

 Ecuador Attorney General Diego Garcia has asked an international arbitration tribunal at The Hague to suspend a process brought by Chevron Corporation (CVX) against the Andean country, the official’s office said Friday. The U.S oil company faces in Ecuador a $9.5 billion ruling against it in a trial brought by indigenous people of the Ecuadorean Amazon in a court in the country’s Sucumbios province. Chevron inherited the lawsuit in 2001 when it acquired Texaco Inc., which had operations in Ecuador from 1964 until 1992. Ecuadorean indigenous people claim that Texaco caused environmental damage by polluting the rainforest and rivers, and also caused personal injuries. Chevron denies the allegations. Chevron requested arbitration in 2009 under international law, claiming that Ecuador was violating the terms of a bilateral investment treaty with the U.S. Last year the tribunal decided to hear Chevron’s claims against Ecuador. On Tuesday, Ecuador’s National […]

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