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Article

13 Oct 2014

Author:
Mayu Chang, CorpWatch Blog

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.