Chevron has no plans to pay it!
http://www.businessinsider.com/chevr...nothing-2009-7
Quote:
Chevron is expected to be slapped with a $27 billion judgment by a court in Ecuador for environmental damage done to the rain forest between 1964 and 1990.
It will be the largest environmental judgment ever. Chevron has no plans to pay it.
Chevron intends to fight enforcement by claiming the trial was unfair, in part because Ecuador's president has publicly supported the plaintiffs.
Too bad Chevron spent the early part of the case arguing trial should be held in Ecuador. It appears that the oil company thought it would be able to take advantage of Ecuador's legal system.
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