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Chevron Facing Wall Street Criticism Over $19 Billion Ecuador Liability

15 October 2012 | The Chevron Pit

Wall Street analysts rarely take controversial positions on publicly traded companies whose stock is doing well. But Chevron’s mishandling of its $19 billion liability in Ecuador for dumping toxins into the Amazon is beginning to look like the exception.     More »

Ted Olson Loses a Big One for Chevron Before the U.S. Supreme Court

Ted Olson needs to learn that it’s hard to put lipstick on Chevron's pig in Ecuador
10 October 2012 | The Chevron Pit

In yet another setback for Chevron, the U.S. Supreme Court this week declined a petition signed by Olson to restore the unprecedented global “injunction” obtained last year by the company purporting to block enforcement of the $19 billion Ecuador court judgment. That injunction – imposed by controversial federal Judge Lewis A. Kaplan – provoked an uproar in the international legal community and was unanimously reversed by the Second Circuit Court of Appeals.      More »

U.S. Supreme Court Squelches Chevron Appeal on Ecuador Case

9 October 2012 | The Chevron Pit

The U.S. Supreme Court today rejected Chevron's latest attempt to block global enforcement of a historic $19 billion environmental judgment from Ecuador's courts, removing another hurdle for rainforest indigenous groups as they continue their efforts to seize billions of dollars of Chevron assets around the world.     More »

U.S. Supreme Court Rejects Chevron Appeal in Ecuador Pollution Case

Court refuses to block judgment won by Lago Agrio residents over Amazon pollution by Texaco, now part of Chevron
9 October 2012 | Reuters

The U.S. Supreme Court has denied a bid by Chevron to block an $18.2 billion judgment against the company in a pollution case in Ecuador, which residents won in February 2011 over pollution of the Amazon jungle and resulting damage to their health.     More »

Chevron Scared To Return ACLU's Calls Over Private Emails

6 October 2012 | The Chevron Pit

Lawyers from the ACLU called Chevron to complain about trying to get personal data from the Google Gmail account of their client, a writer and law professor who blogs about legal issues, including the $19 billion judgment out of Ecuador holding Chevron accountable for the massive contamination of the Amazon rainforest.      More »

Why Is Chevron Trying to Intimidate Journalists? And Why is Google Helping Them?

5 October 2012 | The Chevron Pit

Graham Erion and Jeremy Bloom discuss Google's cooperation with Chevron's "fishing expedition" into people's personal emails to intimidate and harass them for supporting and, in many instances, just inquiring about the $19 billion judgment against the oil giant for massive oil contamination in the Ecuadorian rainforest.     More »

Richmond Residents Stand Up To Chevron

4 October 2012 | The Chevron Pit

The Richmond, CA City Council voted for a resolution pushing Chevron to become a better corporate citizen in the city that it has neglected for decades, even as its refinery pollutes and harms the health of people who live there. Take it from the Ecuadorians who have suffered at Chevron's hands for five decades in the rainforest, it will take much more than a resolution, but at least it's a start.     More »

From Assets to Liabilities

Are CVX shareholders ready for global cat and mouse?
4 October 2012 | Eye on the Amazon

While repo men have yet to descend upon the company's headquarters and start hauling out the furniture, one has to ask: Is the company really ready for a global game of cat and mouse? What were once major assets in 120 countries are now liabilities, hidden in plain sight.     More »

Chevron Wants Access to Emails of Critics

2 October 2012 | SocialFunds.com

The oil company's latest effort to avoid paying a $19 billion judgment for extensive environmental damage in Ecuador involves trying to gain access to the private email accounts of 101 people who have worked on the case.     More »

Way Down Watson

1 October 2012 | Eye on the Amazon

Normally, when an executive makes a major mistake that threatens shareholder value and the financial health of the company, they get fired. But at Chevron if you make an $18 billion mistake, you get a promotion. What?     More »