News and Multimedia from 2008
Ecuadorian Campaigners Win Prestigious Environmental Prize for Fight to hold Chevron Accountable for Rainforest Disaster
Goldman Prize Comes Two Weeks After Court Expert Estimates Chevron Damages at up to $16 Billion
13 April 2008 | Amazon Watch
Two campaigners who have spearheaded a landmark class-action lawsuit against Chevron in Ecuador have been awarded the Goldman Prize, the world's most prestigious environmental honor, for their efforts to make the company clean up what experts believe is the world's worst oil-related disaster. More »
Report Says Chevron Owes Billions for Ecuadorean Pollution
3 April 2008 | Reuters
An independent environmental expert told a court in Ecuador that the oil company Chevron should pay $7 billion to $16 billion in compensation for environmental damage in the country. More »
Chevron Accused of Lying To Shareholders Over $16 Billion Damages Claim In Ecuador Rainforest Case By Amazon Defense Coalition
CEO O'Reilly Violates SEC Regulations and Corporate Governance Duties By Hiding Liability, Lawyers Say
3 April 2008 | Amazon Defense Coalition
Chevron Corp.'s (CVX) management is lying to shareholders about the finding by a court expert that it faces up to $16 billion in liability for a major human rights catastrophe in the Amazon rainforest by dumping billions of gallons of toxic waste. More »
Chevron Could Lose Billions Over Ecuador Suit
3 April 2008 | San Francisco Chronicle
A court-appointed expert in Ecuador has recommended that Chevron Corp. pay $7 billion to $16 billion if it loses a marathon lawsuit over oil-field contamination in the Amazon rain forest. More »
Court Expert Smacks Chevron With Up to $16 Billion in Damages for Polluting Indigenous Lands in Amazon
Independent Analysis Validates Most Claims of Plaintiffs In Long Ecuador Legal Battle, But Offers Compromise On Some Issues
2 April 2008 | Amazon Defense Coalition
In a long-awaited court report submitted as part of the final phase of a trial, an independent expert has proposed that Chevron pay a minimum of $7 billion and up to $16 billion to compensate for environmental contamination caused to Ecuador's Amazon rainforest during a 26-year period when the oil giant operated a large concession in the country. More »
Fact Sheet on $16 Billion Damages Assessment
2 April 2008
Preliminary Fact Sheet On Damages In Ecuador Trial More »
Chevron's Top Exec Paid $15.7M in 2007
1 April 2008 | Associated Press
Chevron Corp. (NYSE:CVX) Chairman David O'Reilly received a 2007 compensation package valued at $15.7 million, a 17 percent raise that lagged the dramatic rise in oil prices fueling the company's four-year streak of record profits. More »
Oil and Power in Latin America
Indigenous peoples in South America are taking on Big Oil over decades of environmental abuse.
29 March 2008 | Los Angeles Times
Tomas Maynas Carijano, an elder of the Achuar tribe, left his home in the Peruvian Amazon earlier this week and traveled to Los Angeles. He came, he said, to tell the story of his people's suffering at the hands of a U.S. oil company. More »
SEC Complaint Lodged Against Chevron for Hiding $10 Billion Liability in Ecuador
Chevron Misleads Investors, Says Amazon Watch
26 March 2008 | Amazon Watch
The Securities and Exchange Commission (SEC) was today urged to impose a "substantial" sanction on Chevron for misrepresenting facts to shareholders over a potential $10 billion liability resulting from a class-action environmental lawsuit in Ecuador's Amazon region. More »
$16 Billion Damages Assessment (Spanish)
24 March 2008
This is the Spanish language version of the executive summary of the court-appointed expert report. It estimates the damages for which Chevron is liable at up to $16.3 billion. More »
