OGJ Newsletter

09/23/2013
GENERAL INTEREST — Quick Takes Tribunal supports Chevron in Ecuador case An international tribunal has determined that agreements signed by the government of Ecuador in 1995 and 1998 released Texaco Petroleum Co., now part of Chevron Corp., from environmental liability for land on which it once produced oil. The ruling upholds an important claim Chevron has made in its years-long defense against a lawsuit claiming billions of dollars for environmental damage (OGJ Online, Feb. 14, 2011). Texaco produced oil in Ecuador as part of a consortium under a concession that ended in 1992. It operated the group until replaced by the state-owned oil company in 1990. Chevron, which acquire...
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