All News Articles

Shareholder Group Gets SEC Approval for Governance Proposal at Chevron

Motion gets onto ballot amid "campaign of shareholder intimidation"
14 March 2013 | Responsible Investor

The investors are seeking a way to voice their concerns about the company's controversial Ecuador litigation – and what they call its current "campaign of shareholder intimidation."     More »

Chevron Boxes Itself in with SEC Move

13 March 2013 | The Chevron Pit

Chevron's decision to ask the SEC to allow it to dropkick shareholder resolutions calling for the duties of Chairman and CEO to be split – essentially demoting current Chair and CEO John Watson – has boxed the oil giant into a public relations defeat.     More »

Chevron Battles Activist Shareholders

12 March 2013 | San Francisco Chronicle

"I've never had a case of a company playing such hardball tactics against its own shareholders this way," said Simon Billenness. "The feeling among institutional shareholders is we really have to draw a line in the sand here, because we can't have companies using these tactics against shareholders in the future."     More »

Ecuador Plans to Audit Bilateral Investment Treaties

11 March 2013 | Dow Jones Newswires

Quito, Ecuador – Ecuador plans to establish a commission to audit bilateral investment treaties and the international system for investment arbitration, President Rafael Correa said over the weekend, after harshly criticizing Chevron and Occidental Petroleum. Both U.S oil companies have arbitration procedures underway against the Andean country.     More »

Ecuadoreans Want Judge Kaplan off of $19B Chevron Dispute

6 March 2013 | Law360

Ecuadorean plaintiffs seeking to enforce a $19.2 billion pollution judgment against Chevron Corp. petitioned the Second Circuit on Tuesday, seeking to remove New York district Judge Lewis Kaplan from the case and accusing the court of systematically evading the appellate court's prior ruling.     More »

Chevron’s Kangaroo Court: Citizens United on Steroids

4 March 2013 | Eye on the Amazon

President Correa is no stranger to hyperbole, but in this he is right on the mark: "It's the end of sovereignty, the end of our independence; we have become colonies with these rulings from international courts."     More »

Ecuador/Chevron Dispute Enters a New Chapter: Correa Calls for Latam Support

26 February 2013 | MercoPress

President Rafael Correa said he expects the regional groupings Alba and Unasur to meet urgently and address the "legal aberration" committed by a UN trade law arbitrage tribunal against Ecuador in a case involving US multinational Chevron and decades of environmental damages.     More »

Ecuadorian Plaintiffs Say Chevron Withdrawing "Sham" Litigation Claim; Company Denies Move

20 February 2013 | Legal Newsline

New York, NY – Pointing to a federal court filing last month, the Ecuadorian plaintiffs suing Chevron contend the oil giant is withdrawing its claim that an $18 billion-plus judgment against it was the result of "sham" and "objectively baseless" litigation.     More »

Chevron's Goose to Face a Gander by Ecuador

19 February 2013 | Courthouse News Service

Evidence that Chevron used to avert responsibility for oil contamination in the Amazon may also serve to support the $19 billion verdict, the 5th Circuit ruled.     More »

Chevron Hit by Argentine Legal Quagmire

13 February 2013 | The Financial Times

Buenos Aires, Argentina – Chevron's investment in Argentina has become bogged down in a morass of legal challenges. Many of its assets in Argentina have been frozen as a result of an action by Amazonian villagers pursuing $19bn in damages for pollution in Ecuador more than two decades ago.     More »