A Manhattan judge ordered Chevron Corp CEO John Watson to testify in the fraud suit against Ecuadoreans trying to enforce a $19 billion judgment for Chevron's alleged rainforest pollution, Reuters reports.
The Ontario Superior Court dismissed a lawsuit by Ecuadorian villagers to force Chevron Corp. to pay a $19 billion judgement for alleged oil pollution in the country's rainforest, The Associated Press reports.
Burford Capital, the litigation finance firm that backed the representation for plaintiffs in Chevron's Ecuador oil pollution case, said it was misled by the plaintiffs' lawyer Steve Donziger and law firm Patton Boggs, Fortune reports.
Stratus Consulting, the environmental consultancy that provided expert data for plaintiffs in Chevron's Ecuador oil pollution trial, disavowed its work, saying the plaintiffs' lawyer misled them, Businessweek reports.
BUENOS AIRES, Argentina (AP) — An attempt by Chevron Corp. to unfreeze its assets was dismissed Wednesday by an appeals court in Argentina, where the winners of a $19 billion environmental judgment in Ecuador are suing to force the oil company to pay.
An Ecuadorean judge who oversaw a rainforest pollution suit against Chevron from 2003 to 2004 alleged the plaintiffs bribed the judge who issued a $18.2 billion penalty, Reuters reports.
Ecuador announced plans to propose a new levy on each barrel sold by OPEC members to create a climate fund to provide aid for greenhouse-gas reduction projects, Bloomberg reports.
TORONTO (AP) — An attempt by Ecuadorian villagers to have a Canadian court enforce a $19 billion judgment awarded in their country against multinational oil giant Chevron Corp. faced a judge's skepticism Thursday.
BUENOS AIRES, Argentina (AP) — Chevron's Argentina subsidiary ran full-page ads in the nation's leading newspapers Thursday saying that its operations have been complicated by a court order freezing its earnings.
Chevron Corp. filed an ethics complaint with New York State Comptroller Thomas DiNapoli over alleged violations of the state's Public Officers Law for ethical problems surrounding a suit against the company in Ecuador, The Wall Street Journal reports.
The House approved a bill that would protect electric utilities from environmental fines and lawsuits if the Energy Department orders them to keep power flowing, FuelFix reports.
The Senate Energy and Natural Resources Committee will meet to discuss safe development of shale gas and hear testimony from government and industry officials today, The Hill reports.
Activists and environmentalists launched criticisms against the Environmental Defense Fund for its decision to join industry groups to help develop hydraulic fracturing standards, Bloomberg reports.
Some industry leaders are concerned that shifting opinions and increased legislative action on hydraulic fracturing could hinder their chances to develop Colorado's energy resources, Bloomberg reports.
Dominion Resources Inc. told the Nuclear Regulatory Commission last week that it had removed all nuclear fuel from the reactor at the shuttered Kewaunee Nuclear Plant, the Green Bay Press-Gazette reports.
A Colorado bill to establish a renewable energy mandate for cooperatives has faced a lawsuit and an advertising campaign over whether the bill would incentivize state renewable energy, The Gazette reports.
