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25 Apr 2005


ChevronTexaco Statement on "SocialFunds.com" Report on Ecuador Environmental Litigation

The fact is that the government's publicly held position, which has been reiterated many times both orally and in writing over the past decade, is that the agreement is valid...At an April 11, 2005 hearing at U.S. Federal Court in New York on the matter of ChevronTexaco's arbitration claim against Petroecuador, the attorney retained by Attorney General Borja to represent the Republic of Ecuador and Petroecuador acknowledged that the 1995 remediation agreement was legitimate and binding on the government. [also refers to Texaco (part of ChevronTexaco)]

Part of the following timelines

Ecuadorian Attorney General Tells ChevronTexaco Shareholders Remediation Agreement May Be Invalid

Texaco/Chevron lawsuits (re Ecuador)