Ecuador’s High Court Upholds $9.5 Billion in Damages Against Chevron

Ecuador's top court stood by a ruling on Tuesday that levied $9.5 billion in damages against the massive multinational oil company Chevron, for its decades of pollution that harmed both the environment and indigenous Ecuadorians. It was a token ruling, though, as Chevron no longer has pulled all of its assets and business out of the South American company years ago. To acquire the damages, the plaintiffs, which include indigenous people, will have to continue to pursue its case in … [Read more...]