Article

2014-03-05 Government

US judge rejects $9bn ruling against Chevron

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Posted by Fred 2014-03-05 00:00|| || Front Page|| [6 views ] Top

#1 Makes sense, Chevron didn't even own the company then.

Posted by Redneck Jim 2014-03-05 05:42|| 2014-03-05 05:42|| Front Page Top

#2 Chevron did acquire potential liability when it bought Texaco - that isn't the issue. To me the real point is that Texaco should not have been liable either, because they remediated the sites to the better than the standards expected at the time, and turned the properties over to the Ecuadorian national oil company - which had been their partner and then became the sole owner and operator. Based on how I KNOW other national oil companies maintain and operate when compared with majors like Chevron, I am virtually certain that most of the alleged damage occurred after Texaco left. And based on what has come out in these court hearings and how I KNOW sleazebag lawyers operate, I am virtually certain than most of the alleged damage is not even real. It's all about deep pockets and corrupt governments.

Posted by Glenmore 2014-03-05 12:28|| 2014-03-05 12:28|| Front Page Top

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