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Chevron ordered to pay highest ever fine for contamination in Ecuador

02-16-2011 14:07 BJT

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An Ecuadorian judge has ruled that the Chevron Corporation was responsible for contamination caused by oil exploration in Ecuador's northern jungle.

The oil giant has been ordered to pay nearly 10 billion US dollars in damages and cleanup costs.

It's the highest fine ever issued in an environment lawsuit. Chevron says it will appeal the verdict, calling it illegitimate and un-enforceable. But the Ecuadorian Judge says the compensation sets an example for the future.

Nicolas Zambrano, Ecuadorian Judge, said, "The payment will cover the total cost of all the damage and the total compensation awarded. At the same time, it serves as an example - to avoid similar cases, to recognize the victims, and to guarantee similar actions do not occur again."




Editor:Zhang Pengfei |Source: CNTV.CN

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