Weekly Report - 04 July 2013 (WR-13-26)

ECUADOR | Chevron case continues to make waves. On 2 July a judge from a provincial court in Ecuador’s Amazonian Sucumbíos province ordered the seizure of US$96.35m owed by the Ecuadorean State to US oil firm, Chevron, and determined that the amount should be used to pay part of the US$19bn that Chevron has been ordered to pay to local inhabitants in compensation for the environmental damage caused by the firm’s local subsidiary’s operations between 1972 and 1990.

End of preview - This article contains approximately 816 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial