Tuesday, September 30, 2008

Chevron loses decision in Amazon case

NEW YORK (AP) -- A federal appeals court in New York has rejected Chevron Corp.'s latest attempt to force Ecuador to help pay for any court-ordered cleanup of the Ecuadoran rainforest.
The 2nd U.S. Circuit Court of Appeals said Tuesday it agreed with a lower court's June 2007 decision rejecting Chevron's attempt to force arbitration.
A group of indigenous Ecuadoran people sued 15 years ago in Manhattan to recover up to $16 billion for damage to the Ecuadoran Amazon. That case was moved to Ecuador and remains unresolved.
In 2004, Chevron began trying to force Ecuador into arbitration to help pay for any cleanup.
Chevron says the decision will require it to pursue other avenues to get Ecuador to share in the potential costs.

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