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18 Mar 2008

Atossa Soltani, Amazon Watch

[PDF] Letter to US Securities & Exchange Commission re Chevron's potential liability in Ecuador litigation

We write to follow up on our request in January 2006 that the SEC impose sanctions on the Chevron Corporation for violations of its disclosure obligations regarding its liability for creating a large oil-related environmental catastrophe in the Amazon rainforest of Ecuador... Despite privately admitting to a U.S. government agency that it faces an extraordinary liability that could surpass $10 billion..., Chevron has continued to flout its disclosure obligations... [T]his situation cannot be tolerated further without the imposition of a penalty on Chevron for failing to comply with its obligations. It is beyond doubt that Chevron’s legal position in the litigation...has deteriorated significantly since our last contact.