ChevronToxico

All Press Releases

Chevron Botching Ecuador Case, Says Influential Report

$27 Billion Liability in Ecuador “Poorly Handled” By Chevron’s Top Management, Analyst Tells Leading Trade Publication
27 May 2009 | Amazon Defense Coalition

New York, NY (May 27, 2009) – Platt’s Oilgram News, the leading trade publication for the oil industry, is reporting that “momentum seems to be growing against Chevron” in the long-running environmental case brought by Amazon communities in Ecuador that could lead to a $27 billion judgment later this year.     More »

Chevron Falls Short On Disclosure Obligations Relating to $27 Billion Ecuador Liability, Says Investor Advisory Group

Oppenheimer Warns Ecuador Problem Could “Depress” Chevron Stock; Risk Metrics Urges Greater “Transparency” From Oil Giant
26 May 2009 | Amazon Defense Coalition

New York, NY (May 26, 2009) – In another setback to Chevron management, a leading investment advisory group is urging the oil giant to disclose more details of a potential $27 billion environmental liability in Ecuador just before what is expected to be a major showdown on the issue at the annual shareholder’s meeting May 27th in California.

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Chevron CEO O'Reilly Faces Major Challenge Over Ecuador Lawsuit At Annual Meeting

New Questions Relating to Chevron's Lack of Financial Disclosure of $27 Billion Liability
26 May 2009 | Amazon Defense Coalition

San Francisco, CA – A growing number of shareholders are challenging Chevron CEO and Board Chairman David O'Reilly's management and oversight of the environmental and human rights policies of the nation's third largest company at a Chevron shareholders' meeting this week.     More »

Chevron Shareholders Warned That Board of Directors Is Shirking Its Fiduciary Duties On Ecuador

On Eve of Showdown At Annual Meeting, Letter Explains How Management Puts Out False and Misleading Information
Former Sen. Sam Nunn Cited for Failing to Listen to Concerns

25 May 2009 | Amazon Watch

Representatives of indigenous and farming communities from Ecuador’s Amazon will be present at Chevron's Annual General Meeting to bring their 15 year battle for justice to the oil giant's doorstep. They will address CEO David O’Reilly before shareholders. There will be an accompanying protest by a large coalition of human rights and environmental organizations outside the building.     More »

Amazonian Leaders from Ecuador Arriving for Showdown with Chevron at Annual General Meeting

With Record Court Judgment Looming, Goldman Prize Winner and Cofán Indigenous Leader to Confront Chevron CEO
22 May 2009 | Amazon Watch

Representatives of indigenous and farming communities from Ecuador’s Amazon will be present at Chevron's Annual General Meeting to bring their 15 year battle for justice to the oil giant's doorstep. They will address CEO David O’Reilly before shareholders. There will be an accompanying protest by a large coalition of human rights and environmental organizations outside the building.     More »

Chevron Management Dealt Major Blow with CalPERS Announcement on Ecuador

California Pension Fund Voting for Resolution Stemming from Chevron’s $27 Billion Ecuador Liability in Rainforest
21 May 2009 | Amazon Defense Coalition

San Francisco, CA (May 21, 2009) – Chevron is facing a shareholder rebuke at its annual meeting next week over the company's $27 billion Ecuador liability with the announcement that the nation's largest public pension fund in California is defying the recommendation of company management and voting for a resolution on the issue.      More »

Chevron Board Member Armacost Tied to Conflict of Interest Over Cancer Study in Ecuador’s Amazon

Disclosure Follows Investigation by New York Attorney General into Shareholder Complaints
19 May 2009 | Amazon Defense Coalition

New York, New York (May 19, 2009) – A highly-criticized study financed by Chevron to “prove” that the dumping of billions of gallons of toxic waste into Ecuador’s rainforest did not cause cancer failed to disclose that the study was conducted by a company tied to a member of Chevron’s Board of Directors, say representatives of the Amazon Defense Coalition.      More »

Chevron Trying to “Greenwash” Polluter Image in Washington Conference on Clean Technology

Oil Company Scrambling after Media Coverage Exposes Environmental Damage Left Behind in Ecuador
14 May 2009 | Amazon Defense Coalition

Washington, D.C. (May 14, 2009) – Chevron today is taking part in a “Green Technology” roundtable in an apparent attempt to deflect some of the harm caused by its increasingly high profile as a corporate polluter in Ecuador, where it faces a potential $27 billion clean-up tab for dumping billions of gallons of toxic waste into the Amazon, campaigners who monitor the company said today.     More »

Chevron Lying About Toxins In Mr. Salinas’ Water Well, Evidence Shows

Elderly Man In Ecuador's Rainforest Becomes Target of Global Internet Attacks Fostered by Oil Giant
08 May 2009 | Amazon Defense Coalition

Lago Agrio, Ecuador (May 8, 2009) – Yes, the scientific evidence at trial in Ecuador proves that the freshwater well at the house of Manuel Salinas in Ecuador’s Amazon – featured on 60 Minutes on Sunday – is contaminated with toxic carcinogens. Sorry, Chevron, but Mr. Salinas knows more than you do about his own well.      More »

Chevron’s Misrepresentations to Shareholders over Ecuador Liability Have Been Obvious for Months

Company “Clearly Hiding” Risk Factors from Investors and Financial Markets, Representatives Say
06 May 2009 | Amazon Defense Coalition

LAGO AGRIO, Ecuador (BUSINESS WIRE)--Behind the letter sent by New York Attorney General Andrew Cuomo to Chevron over its potential $27 billion environmental liability in Ecuador is a growing concern in the investor community that the company is providing misleading information about its financial risk to regulatory authorities and investors, said an Amazon Defense Coalition official.     More »