UPDATE 2-Argentine judge embargoes Chevron assets-lawyer

[Judi Lynn]

Source: Reuters

UPDATE 2-Argentine judge embargoes Chevron assets-lawyer
Wed Nov 7, 2012 3:43pm EST

Nov 7 (Reuters) - An Argentine judge has embargoed $19 billion in Chevron Corp assets in the South American country over an environmental damages lawsuit in Ecuador, a lawyer for the plaintiffs told reporters on Wednesday.

Indigenous tribespeople and farmers in the Ecuadorean Amazon have sued the U.S.-based oil major in Argentina and Colombia to collect a $19 billion award.

A 2011 decision by a court in Lago Agrio, Ecuador, ordered Chevron to pay the sum as a result of water contamination and inappropriately disposing of oil industry waste during crude production in the Amazon over a period of nearly 30 years.

Because Chevron has few assets in Ecuador that can be taken as compensation, the plaintiffs are trying to get the ruling enforced in other countries.

Read more: http://www.reuters.com/article/2012/11/07/argentina-chevron-idUSL1E8M7IVV20121107?rpc=401

[leftyohiolib]

1. this is how you go after a company that fucked with you country

1b from boa is chump change to them compared to the damage they helped do

[DeSwiss]

2. K&R

''We abuse land because we regard it as a commodity belonging to us. When we see land as a community to which we belong, we may begin to use it with love and respect.''

~Aldo Leopold