Amazon Watch letter to Chevron alleges it has misled shareholders over potential liability of court case in Ecuador regarding Texaco's environmental impacts
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Author: Atossa Soltani, Executive Director, Amazon Watch
It is with genuine regret that I write this letter. Three years ago, when we began asking Chevron to put its core values to the test and take responsibility for the company’s toxic legacy in Ecuador, we anticipated that it would only be a matter of time before you developed a timely and effective clean-up and compensation plan...Unfortunately, Chevron has done everything but take responsibility for its mistakes...
Amazon Watch Says Chevron Hiding Massive Liability in Ecuador - Amazon Watch Letter to Chevron Charges 'Cover Up' of Rainforest Disaster
Author: Amazon Watch
Chevron was accused today by Amazon Watch of failing to disclose a potential multi-billion dollar liability in a growing scandal that raises major issues of corporate governance at the California-based oil giant. For the first time, the corporation was publicly charged with misleading shareholders over its battle in a landmark court case in the Ecuadorian Amazon brought by 30,000 local people whose lives have been devastated by massive environmental pollution caused by Texaco's dumping of billions of gallons of toxic waste when it operated there from 1972-1992.
[Texaco is now part of Chevron; also refers to Petroecuador]
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- Related companies: Chevron Petroecuador Texaco (part of Chevron)