Article
Chevron Wins Ecuador Lawsuit But Money May Go To Amazon Communities
The Dutch Supreme Court recently upheld an arbitration tribunal judgment requiring the Ecuadorean government to pay Chevron $106 million for breach of contract. Ironically, activists say Ecuador is now free to hand this money to [Amazonian] indigenous communities who have sued the oil giant for pollution in an unrelated case…[T]his $106 million arbitral award might be a game changer for the Amazonian communities. After all, if the Ecuador government pays the money out, it is likely to be Chevron’s only substantial asset in Ecuador, say activists.