• 4 minutes US-backed coup in Venezuela not so smooth
  • 7 minutes Why Trump will win the wall fight
  • 11 minutes Oil imports by countries
  • 13 minutes Maduro Asks OPEC For Help Against U.S. Sanctions
  • 1 hour Climate Change: A Summer of Storms and Smog Is Coming
  • 13 mins Itt looks like natural gas may be at its lowest price ever.
  • 2 hours Venezuela: Nicolas Maduro closes border with Brazil
  • 45 mins Tension On The Edge: Pakistan Urges U.N. To Intervene Over Kashmir Tension With India
  • 5 hours Teens For Climate: Swedish Student Leader Wins EU Pledge To Spend Billions On Climate
  • 3 hours Amazon’s Exit Could Scare Off Tech Companies From New York
  • 23 hours North Korea's Kim To Travel To Vietnam By Train, Summit At Government Guesthouse
  • 17 hours students walk out of school in protest of climate change
  • 1 day Europe Adds Saudi Arabia to Dirty-Money Blacklist
  • 1 day Some Good News on Climate Change Maybe
  • 1 day America’s Shale Boom Keeps Rolling Even as Wildcatters Save Cash
  • 16 hours Mineral rights owners,
Joao Peixe

Joao Peixe

Joao is a writer for Oilprice.com

More Info

Trending Discussions

Ecuador vs Chevron Case Gets Down and Dirty

The record $19 billion fine levied against Chevron Corporation by a court in Ecuador for contaminating the Amazon rainforest takes a new twist as a New York court hears a case of fraud against the high-profile lawyer who helped Ecuador win its 2011 judgment. 

In a legal battle that has continued for two decades, the case against Chevron in Ecuador was led by New York lawyer Steven R. Donziger, who is now the target of another lawsuit alleging misconduct and fraud. Donziger was allegedly caught on video on the sidelines of filming for the documentary film “Crude” conceding that evidence had been fabricated to win the ruling in the Ecuador court.

And now we’re seeing previous Donziger devotees abandoning the cause, and the embattled lawyer as it becomes clearer that the New York court favors Chevron in the case.

Environmental groups say Chevron has only spent $40 million cleaning up the Amazon, but has spent more than $1 billion fighting the lawsuit.

The playing field here has been a murky one. Donziger secured millions of dollars in financing for the lawsuit from hedge fund Burford Capital and Patton Boggs in Washington, DC, which would have been repaid several times over with a share in the settlement against Chevron. But after doling out $4 million to Donziger’s cause, the hedge fund pulled out when Chevron laid allegations of fraud against Donziger.

In addition, Stratus Consulting—another of Donziger’s weapons—wrote the report that laid out Chevron’s contamination of the Amazon but then was hit by fraud charges from Chevron and recanted the report before the court.

If the district court in Manhattan rules against Donziger, it might be impossible for Ecuador to collect its $19 billion from Chevron.

If Chevron loses the case, it will embolden Ecuador to take the lawsuit to international courts and lend momentum to attempts by Ecuador and Donziger to seize Chevron assets in Canada, Argentina and Brazil to pay the $19 billion fine.

By. Joao Piexe of Oilprice.com




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment

Leave a comment




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