Source:
ReutersExpert asks Ecuador court to fine Chevron $27 billionWed Nov 26, 2008 6:19pm EST
By Alonso Soto
QUITO (Reuters) - An environmental expert told a
court in Ecuador that oil company Chevron Corp should
pay $27 billion in compensation for environmental
damage in the country, the company said on Wednesday.
Chevron said in a statement that it rejected geologist
Richard Cabrera's revised damage estimate by saying his
work "contains fabricated and erroneous evidence." In
April, Cabrera recommended to the court that the U.S.
oil company should pay up to $16 billion in damages.
The lawsuit, which peasants and Indians in Ecuador
brought in the early 1990s, contends that Texaco,
which Chevron bought in 2001, polluted the jungle and
damaged their health by dumping 18 billion gallons
(68 billion liters) of contaminated water from 1972
to 1992.
Chevron questioned Cabrera's independence and
charges the plaintiffs of helping him produce his
damage assessment.
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http://www.reuters.com/article/environmentNews/idUSTRE4AP97H20081126