Chevron to take Ecuador back to court over fraudulent case

hotair.com ^ | 12/21/2014 | Jazz Shaw

[rktman]

Earlier this year we witnessed the victory of Chevron over the New York shakedown artists who spent several years and tens of millions of dollars trying to pick their pockets over a fraudulent case in Ecuador. (Full coverage) For many of us, that would have been enough, particularly given how often big companies pay out large checks to nuisance suits just to avoid the media blitz and the associated hassles. But apparently Chevron has decided that enough is enough and will seek to strike at the source of the corruption. As the Wall Street Journal reports, Chevron is going after Ecuador themselves, and it may actually result in improving the chances for true democracy in the corrupt system.

[rktman]

Can they hang any of this BS on bobby kennedy jr? I don't care if he was involved or not. :>}

[marron]

It was a shakedown from the beginning.

When Texaco left the country, it first, did the reclamation work it was required to do by the government of Ecuador. It then negotiated a deal with the national oil company, who agreed to hold them blameless for any further reclamation in return for taking over all of Texaco’s oil properties in the country.

Later, the activists organized the tribes to go after Texaco, and they started suing in both Ecuadorian courts and in US courts. Texaco won again and again. Chevron got involved when it bought Texaco.