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Brazil judge dismisses case against Chevron, Transocean

2013-10-01 23:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: A Brazilian federal judge on Tuesday dismissed a lawsuit against No. 2 U.S. oil company Chevron Corp after approving a negotiated settlement, a decision that closes a nearly two-year legal battle over an oil spill in November 2011. Brazilian prosecutors sought 40 billion reais ($18 billion) in damages from Chevron and offshore drilling contractor Transocean Ltd for a 3,600-barrel leak in the Frade offshore oil field Chevron operates northeast of Rio de Janeiro. Prosecutors also filed criminal...

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