Chevron‘s attempt to overturn an $18 billion judgment against the corporation was rejected by an Ecuador appeals court. The ruling was made by a panel of three judges in the Provincial Court in Lago Agrio, Ecuador.The original lawsuit claims the company is responsible for chemicals spilled in the Amazon River basin more than 20 years ago. Chevron was responsible for chemical-laden waste water dumped in jungle land from 1964 to about 1992 by Texaco Inc., which Chevron acquired in 2001. In a statement, Chevron said,”The decision is another glaring example of the politicization and corruption of Ecuador’s judiciary that has plagued this fraudulent case from the start.” Chevron is unsure and hasn’t decided what it will do next. Chevron “does not believe that the Ecuador ruling is enforceable in any court that observes the rule of law.” Check back for updates, and as always, be sure to let us know what you think?
