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Your Board's Recommendation Against the Proposal to Report on Ecuador [scroll down to pg. 45]
Your Board believes that no new initiatives by ChevronTexaco are required, and no corporate purpose would be served by the proposed report. ChevronTexaco completed its remediation obligations and received from Petroecuador and the Government of Ecuador full releases from any and all liability... Expert analyses submitted to the court by our nominated experts have shown that the [Texaco] remediated sites inspected to date do not pose any threat to human health or the environment.