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ECUADOR FIGHTS TO CLAIM ASSESTS FROM CHEVRON IN CANADIAN COURTS

09/14/2015

The Canadian Supreme Court ruled to allow a group of Ecuadorians to attempt to collect billions of dollars in environmental damages in a Canadian court. Ecuador has been embroiled in a 13-year legal battle with the company over the contamination of a rainforest in Ecuador, where Texaco operated. Chevron, which bought Texaco, has yet to pay the $9.5 billion judgment, arguing that the pollution was caused by the Ecuadorian national oil company and that the judgment was a product of corruption. The Ecuadorians will attempt to seize the assets of Chevron's subsidiary in an Ontario court. For the full story, read here http://www.nytimes.com/2015/09/05/business/international/court-says-chevron-can-be-pursued-in-canada-over-ecuadorean-damage.html?ref=earth&_r=0.