Testifying before a federal judge, Nicolas Zambrano, a former Ecuadorean judge who ordered a $19 billion pollution ruling against Chevron Corp., rejected the company's allegation that he had outside help in writing his ruling, Bloomberg reports.
Biographer Robert Caro wrote of Lyndon B. Johnson in his "Master of the Senate" that Johnson had a "genius for studying a man and learning his strengths and weaknesses and hopes and fears," and a gift "for using what a man wanted, to get from him what he wanted, to sell the man on his point of view."
While there is no LBJ among today's climate change activists, they may be getting some traction in applying Johnson's principles. They are trying to get Wall Street's attention by talking about how global warming will hit stock portfolios.
A federal judge overseeing Chevron's fraud case against Ecuadorians who won a $19 billion pollution judgment heard testimony from a lawyer who helped finance the initial pollution case before leaving over concerns over how the case was being run, Bloomberg reports.
A former Ecuadorian judge who issued a $19 billion judgment against Chevron Corp. for alleged pollution testified in federal court that he and a fellow judge had taken bribes from the plaintiff's lawyers, Bloomberg reports.
Louisiana regulators reported that more than 3 million pounds of "oily material" were found on the state's coast this year, compared to just 200,000 pounds cleaned up over the same period last year, Reuters reports.
Burford Capital CEO Christopher Bogart, a financier of an environmental lawsuit that won a $19 billion judgment against Chevron Corp. for alleged pollution in Ecuador, told a judge of his regret when he learned the settlement may have been won by fraud, Bloomberg reports.
BISMARCK, N.D. (AP) — North Dakota officials are trying to determine if Tesoro Corp. knew about potential problems with a pipeline that leaked more than 20,000 barrels of crude oil in a wheat field in the northwestern part of the state.
The problems in Ukraine are unlikely to trigger faster action by the Obama administration on natural gas exports, a White House spokesman appeared to indicate Friday, as he noted that supplies in Europe are at higher-than-normal levels because of the mild winter there, according to Reuters.
Public Service Enterprise Group plans to spend $12 billion over five years on capital projects to improve reliability, hoping to increase the earnings of its utility business, The Wall Street Journal reports.
Weather-related rail bottlenecks in Chicago are causing higher prices and lower supplies of ethanol on the East coast, while Midwest plants are cutting production because of a shortage of rail cars, an industry representative told a U.S. Surface Transportation Board panel, Platts reports.
Investors will challenge corporations during the upcoming proxy season to make more environmental commitments, according to nonprofit Ceres, which has compiled a list of resolutions up for votes, E&E reports.
Saying President Obama's proposed "climate resilience fund" will help communities prepare better for severe weather might win it bipartisan support, according to Sen. Brian Schatz, D-Hawaii, National Journal reports.