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International Arbitration Tribunal Finds Chevron Not Liable for Environmental Claims in Ecuador

2013-09-23 06:32:25| chemicalonline News Articles

An international arbitration tribunal yesterday issued a Partial Award in favor of Chevron and its subsidiary, Texaco Petroleum Company (TexPet). The Tribunal found that the Settlement and Release Agreements that the government of Ecuador entered into with TexPet released TexPet and its affiliates of any liability for all public interest or collective environmental claims

Tags: international claims environmental finds

Tribunal finds Ecuador released Chevron from pollution liability

2013-09-18 23:37:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: In a dispute stemming from a lengthy legal battle over Amazon rain forest pollution, arbitrators ruled that Chevron had already settled claims for damages in agreements with Ecuador despite a $19 billion award against the oil company. The international tribunal, acting under The Hague's Permanent Court of Arbitration, said in a ruling on Tuesday that Ecuador opted not to pursue damages beyond the country's 1995 and 1998 release agreements with Texaco - a company bought by Chevron in 2001. Those...

Tags: released liability finds ecuador