Sunday, February 14, 2010

Finally Chevron Speaks Truth With Freudian Slip

Ricardo Reis Veiga (Managing Counsel, Chevron Latin America)

Chevron’s Managing Counsel for Latin America finally speaks truth about what Texaco did and did not do in Ecuador. Chevron bought Texaco in 2001 and, with the purchase, acquired a potential $27 billion liability resulting from an oil contamination lawsuit filed by indigenous groups in Ecuador. Texaco has admitted to dumping over 18 billion gallons of oil and toxic water into the rainforest from 1964 to 1990.

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