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Article

DiNapoli to Chevron: Resolve Amazon Lawsuit

New York State Comptroller Thomas P. DiNapoli and a coalition of investors...released a letter to oil giant Chevron urging the company to settle its 20-year legal battle with indigenous populations in the Amazon rainforest. The long-running court case alleges that Texaco, which merged with Chevron 10 years ago, destroyed huge tracts of the rainforest by dumping billions of gallons of oil waste products over several decades. Citing the “grave reputational damage” Chevron has suffered due to the lawsuit, DiNapoli and other investors called on the company to promptly negotiate a reasonable settlement to prevent further shareholder damage. [also refers to BP, Exxon, Petroecuador]

Part of the following stories

Texaco/Chevron lawsuits (re Ecuador)

USA: Coalition of investors including New York State Comptroller urge Chevron to settle Ecuadorian case over environmental pollution in Amazon rainforest