Ecuador court orders Chevron to pay $ 8000000000

Ecuador court orders Chevron to pay $ 8000000000

A court in Ecuador's Amazon jungle ordered Chevron to pay $ 8000000000 in closely-watched lawsuit on the environment, but the U.S. oil company rejected the ruling as "illegitimate."

The case is to implement a very controversial in the courts relating to U.S. law and international arbitration and is being monitored by the oil industry a precedent that could lead to another major demand.

In a statement on Monday, Chevron did not give any figure from the ruling by the court in Lago Agrio.

But said Pablo Fajardo, a lawyer for the plaintiffs, the court had ordered Chevron to pay more than $ 8000000000 damages.


The lawsuit originally demanded $ 27,000,000,000.

The U.S. oil company said it would appeal the decision. "The Ecuadorean court's judgments illegitimate and unenforceable," Chevron said in a statement.

Residents of Ecuador's Amazon region is suggested that faulty drilling practices at Texaco, was bought by Chevron in 2001, caused extensive damage to areas of jungle and harm indigenous people in the 1970s and 1980s.