An Ecuadorean judge passed a ruling yesterday concerning an epic environmental case that Chevron Corp. will be liable for an oil drilling contamination in a broad swath situated in Ecuador's northern jungle. The oil giant has been ordered by the judge to make a payment of $9.5 billion as damages and cleanup expenditure.
The gross money, amounting to $8.6 billion along with an additional legally compulsory 10% reparations fee was much less than the $27.3 billion money recommended by an expert appointed by the court. It is going to be the greatest damage award issued till date in an environmental case.
However, if the plaintiffs, including indigenous groups according to whom their hunting and fishing grounds in the Amazon River headwaters had been decimated by poisonous wastewater which additionally increased the rate of cancer, can collect remains is yet to be observed.
According to Chevron, the decision is illegitimate as well as unenforceable one, and that will appeal. There has long been a contention that there could never be a fair trial at Ecuador and thus the corporation has taken away all its assets from this politically sublime Andean nation.
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