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Chevron rejects proposal that damages owed by Ecuador be used to compensate oil pollution victims

"Chevron opposes plan to use damages owed by Ecuador to aid pollution victims", 5 Feb 2015

Chevron Corp. on Thursday rejected a proposal whereby $106 million in damages owed by Ecuador to the U.S. oil supermajor for breach of contract would be paid out to Amazon communities affected by the dumping of billions of gallons of toxic waste…Those communities want the $106 million - which the Dutch Supreme Court last year ordered Ecuador to pay Chevron - rerouted to them as partial payment of a much larger judgment against the oil supermajor that Ecuador's National Court of Justice handed down in 2013…Chevron spokesman…said…that granting the communities' petition "would be another violation of the arbitration court's orders to suspend the execution of the Lago Agrio sentence." An attorney who represented the plaintiffs…[said] that the plan is for the $106 million - awarded for the Ecuadorian government's breach of contracts with Texaco - to be used to finance environmental reparation plans in polluted areas of the Amazon…[Also refers to Petroecuador, Texaco (part of Chevron)]

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