Chevron has been slapped with an $8.6 billion penalty, in what is suspected to be the largest environmental fine in history – and the amount could double.
An Ecuadorian judge yesterday ordered Chevron to pay $8.6 billion to clean up oil pollution in the country’s rain forest, the Wall Street Journal reports. This includes $5.4 billion to restore polluted soil and $1.4 billion to create a community health system, plus $860 million to plaintiff coalition the Amazon Defense Front. Read more...
Read also: Chevron's Ecuador Fine `Unenforceable,' Analysts Say
An Ecuadorian judge yesterday ordered Chevron to pay $8.6 billion to clean up oil pollution in the country’s rain forest, the Wall Street Journal reports. This includes $5.4 billion to restore polluted soil and $1.4 billion to create a community health system, plus $860 million to plaintiff coalition the Amazon Defense Front. Read more...
Read also: Chevron's Ecuador Fine `Unenforceable,' Analysts Say
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