ChevronToxico

All Press Releases

Chevron Providing Misleading Information to Shareholders about Failed Remediation

Evidence Shows Oil Giant Continues to Deceive Shareholders
4 June 2009 | Amazon Defense Coalition

Battered by negative publicity and shareholder pressure over a potential $27 billion environmental liability in Ecuador, Chevron’s legal team is mischaracterizing the scientific evidence in a lawsuit to try to claim billions of gallons of toxic waste it dumped in the Amazon pose no risk to human health, representatives of the Amazon communities charged today.     More »

Chevron Charged with Engaging in Intense Lobbying Battle to Defeat Shareholder Resolution, but Results Mixed for Company

$9B In Chevron Shares Ended Up Defying Company Management
27 May 2009 | Amazon Defense Coalition

San Ramon, CA (May 27, 2009) – In the days ahead of its annual meeting, Chevron’s management engaged in a fierce and unconventional lobbying campaign to convince shareholders to defeat a shareholder resolution over the company’s potential $27 billion liability in Ecuador but investors holding $9 billion in Chevron shares voted for it anyway, officials with the environmental group Amazon Watch said today.     More »

Chevron CEO O'Reilly Under Intense Fire At Shareholder Meeting for Negligence on Ecuador Case

Refuses to Let Board Members Answer Own Questions As Conflict of Interest Becomes Evident
27 May 2009 | Amazon Defense Coalition

San Ramon, CA (May 27, 2009) – Several large investors blasted Chevron CEO David O’Reilly today at the company’s annual meeting for mishandling a potential $27 billion liability in Ecuador, while O’Reilly left open the possibility he would visit Ecuador to inspect the damage personally after being invited by a well-known local community leader.     More »

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 »