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Chevron and Brazil Reach Deal on Oil Spill

2013-09-14 05:35:27| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Chevron signed an accord on Friday with prosecutors in Brazil that could lead to the end of civil lawsuits seeking $17.5 billion in damages for a November 2011 oil spill, the companys lawyer in Brazil said. The agreement includes about 300 million reais (about $130 million) in compensatory actions for the 3,600-barrel spill in the ocean northeast of Rio de Janeiro. Of the total, 95 million reais are for social and environmental projects, the company said. With the signature of the accord, which...

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