• 4 minutes England Running Out of Water?
  • 7 minutes Trump to Make Allies Pay More to Host US Bases
  • 10 minutes U.S. Shale Output may Start Dropping Next Year
  • 14 minutes Washington Eyes Crackdown On OPEC
  • 2 hours Dutch Populists Shock the EU with Election Victory
  • 10 hours One Last Warning For The U.S. Shale Patch
  • 1 hour Venezuela Says Russian Troops Land to Service Military Equipment
  • 5 hours 3 Pipes: EPIC 900K, CACTUS II 670K, GREY OAKS 800K
  • 3 hours Read: OPEC THREATENED TO KILL US SHALE
  • 7 hours U.S.-China Trade War Poses Biggest Risk To Global Stability
  • 19 hours Climate change's fingerprints are on U.S. Midwest floods
  • 1 day Oil Slips Further From 2019 Highs On Trade Worries
  • 7 hours European Parliament demands Nord-Stream-ii pipeline to be Stopped
  • 1 day The Political Debacle: Brexit delayed
  • 16 hours Modular Nuclear Reactors
  • 1 day Telsa Sales in Europe
U.S. And China Hold Key To Higher Oil Prices

U.S. And China Hold Key To Higher Oil Prices

Crude oil prices continue to…

Capping The Oil Price Rally

Capping The Oil Price Rally

OPEC’s recent meeting in Baku…

Ecuadorian Judge Involved in $19 Billion Case Admits Receiving Bribes

Alberto Guerra, a former Ecuadorian judge, who was involved in the case against Chevron Corp. that eventually issued a $19 billion judgement against the oil company for its role in polluting vast swathes of the Amazonian rainforest, has admitted that he and his colleague had accepted bribes.

During a new case, taking place in a Manhattan court room, Chevron is trying to prevent Ecuador’s lawyers from enforcing the $19 billion judgement in other countries where Chevron has operating assets.

Guerra took to the stand on Wednesday to confess that he was paid thousands of dollars in bribes by the plaintiff’s lawyers in order to rule in their favour. He also stated that another judge, Nicolas Zambrano, responsible for actually issuing the $19 billion judgement, was promised $500,000 from the damages paid.

Related article: Brazil’s Pre-Salt Auction Goes to Shell-Total Consortium

When questioned why Chevron had received favour in some rulings if he was being paid by the Ecuadorians, Guerra explained that “it could not seem as though all of the orders were being issued for the benefit of the plaintiffs. The idea was to not have it look suspicious.”

Guerra said that he was often bribed via deposits made into his bank account, or through envelopes filled with notes. Zambrano has denied all allegations that he accepted bribes from the plaintiffs.

Chevron states that Manhattan-based lawyer Steven Donziger, who led the legal team for the plaintiffs, tried to “defraud and extort Chevron is the fact that Ecuador’s judiciary has developed systemic weaknesses and corruption. The conspirators are aware of this fact, and have sought to exploit it.” They claim that Donziger lobbied judges outside of the court and intimidated them, but Donziger says that his acts were lawful and that Chevron had engaged in similar tactics.

Donziger also claims that Chevron has paid Guerra $326,000 for his cooperation and favourable testimony, but Guerra argues that the money was merely for evidence that he helped gather.

Related article: Is Deepwater the Next Oil Bonanza?

The entire case started when Ecuador accused Texaco Inc. of dumping toxic drilling waste in pits throughout the Lago Agrio region from 1964 to 1992, damaging about 1,500 square miles of Amazonian rainforest. When Chevron bought Texaco in 2001, the case was directed against them.

Chevron have refused to accept the $19 billion judgement, saying that Petroecuador, the former joint-venture partner of Texaco, was responsible for most of the pollution, and that Texaco had already made deals in 1995 and 1998 to pay $40 million to cover its share of the clean-up, releasing it from reliability.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News