The US company Chevron celebrated the opinion issued today by a judge of the High Court of Justice of Brazil against the homologation of the sentence of Ecuadorian Justice of Ecuador that obliged the oil company to pay 9,500 million dollars as a compensation for the environmental damage.
Ecuador’s Justice condemned Chevron in 2011 to pay a $ 9.5 billion fine for environmental damages left over when its subsidiary Texaco operated in the Amazon between 1964 and 1992.
Chevron refuses to pay compensation on the grounds that the sentence was the result of a fraud scheme.
The plaintiffs, The Union of People Affected by Texaco, filed actions for homologation of the judgment in Argentina, Brazil, and Canada to enforce the payment of the sentence by means of confiscation of the assets the oil company has in those nations.
However, the Union announced a month ago that it was withdrawing its legal action in Brazil as a result of “the institutional weakness” that country is going through, “as it is vulnerable to the influence of Chevron.” (I)