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Chevron Unit Hooked on a $27-B Environmental case

07/03/09 06:21

CNN Money reports last Monday that the U.S. Supreme Court will not give a decision regarding an Ecuadorian oil company that could allegedly held partially responsible in $27 billion case against Texaco Petroleum Co., which is a Chevron Corp. unit. Texaco had a partnership with Petroecuador (stated-owned) for 22 years of operation in Ecuador's Oriente region in which Ecuadorians believes it had harmed the environment. More details about the case known as ChevronTexaco Corp. v. Ecuador and Petroecuador, 08-1123, on the link below.

[404 Check: was link to http:/ / money. cnn. com/ news/ newsfeeds/ articles/ djf500/ 200906291027DOWJONESDJONLINE000350_ FORTUNE5. htm, anchor: News: Supreme Court Rejects Chevron Appeal Against Ecuadorian]

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20090703-062159-Chevron-Unit-Hooked-on-a-27-B-Environmental-case chevron appeal 'Chevron Unit Hooked on a $27-B Environmental case'