Posted on 02/14/2011 12:32:51 PM PST by SmithL
An Ecuadoran judge has ruled against Chevron Corp. in a bitter, 18-year-old lawsuit over oil-field contamination in a corner of the Amazon rain forest.
A Chevron spokesman confirmed today that the judge, ruling in the small town of Lago Agrio, had issued a final decision in the case but offered few other details.
(Excerpt) Read more at sfgate.com ...
CVX, +1.36.
I guess investors are a tough lot...
is this the case chevron got the judge and someone from the presidency discussing their bribe for finding against chevron on camera?
I’m stayin’ long.
No surprise there. The Ecuadoran judiciary is now nothing but a handpicked bunch of extortioners working for their Marxist president.
Yep. They’ve filed a RICO complaint in the US.
Allen Dulles would have a solution for this problem.
One of the most political and retarded cases in history
Even relatively low level guys working for oil companies overseas wind up knowing more about foreign policy than your typical ivy league grad. They have to deal with all kinds, and every decision has real world and immediate consequences, and no, your local embassy isn’t going to be much help.
You can be no more than a mid level guy and you’re dealing with generals, state governors, national police, tribal leaders, mercenaries (OK, security specialists), union leaders, oil ministers, shipping companies, and your boss is taking phone calls from the president every few days. You’ve got people trying to shake you down at all levels and nothing to back you up except your own wits. You can’t go to court because in a local court you have no chance.
And yet somehow you make it work.
And every couple of years, you get to do it all again in a completely different country.
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