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Ecuadorians to confront Chevron CEO at shareholder meeting over claims its operations damaged environment & human health - company denies responsibility

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Author: Olga Imbaquingo, Comercio [Ecuador]

El culebrón judicial entre Chevron Texaco y algunos miembros de los demandantes continúa. Este día, nueve residentes de la Amazonia entablan una demanda federal a la petrolera, esta vez en San Francisco, California, Estados Unidos. Acusan a Chevron-Texaco de haberles provocado serios daños en la salud. Cristóbal Bonifaz, el abogado que representa a los afectados, dijo que de los nueve demandantes, cuatro padecen cáncer...ésta es una demanda cuasi criminal en nombre de los 30 000 residentes que, según él, han sido afectados en su salud por la extracción petrolera que durante 20 años realizó la Texaco en el Ecuador.

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25 April 2006

Two Ecuadoreans plan to voice concerns at Chevron meeting

Author: Angela K. Brown, Associated Press

Two Ecuadoreans said Tuesday they plan to confront Chevron Corp.'s CEO during its shareholders meeting this week over allegations that an Amazon rain forest has been contaminated by waste disposal from oil drilling operations. The pair are part of a class-action lawsuit against Chevron in an attempt to force a cleanup of toxic dumping in an area 30 times bigger than the Exxon Valdez oil spill. They said drinking contaminated water has caused cancer and other health problems in the jungle the size of Rhode Island... Chevron has said the plaintiffs' attorneys have not presented any credible, substantiated scientific evidence to support their allegations. [also refers to Texaco (part of Chevron)]

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25 April 2006

With Enron as Backdrop, Chevron Faces Mounting Corporate Governance Problems of Its Own, Amazon Watch Warns

Author: Amazon Watch

Chevron CEO David O'Reilly and the company's top management...face a rising tide of anger over corporate governance problems related to a multi-billion liability for oil contamination in Ecuador's rainforest... The lawsuit, on trial in Ecuador's Sucumbios Province, asserts that the contamination forced two indigenous groups to the brink of extinction and led to a surge in cancer rates. Experts estimate that Chevron's liability could be in the billions... O'Reilly will face hot-button issues over Chevron's growing Ecuador problem:
* Several shareholders, including the New York State Common Retirement Fund and Trillium Asset Management, have put forth three resolutions urging Chevron to address various human rights issues in Ecuador.
* Representatives of Amazon Watch have filed a complaint with the SEC over Chevron's failure to disclose the Ecuador liability to shareholders... [also refers to Texaco (part of Chevron)]

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