[at BusinessWeek] – While Chevron fights in federal court in New York to prove that a huge oil-pollution verdict it incurred in Ecuador was a fraud, the top court in Ecuador now says maybe the liability tab isn’t as immense as the company thought. In February 2011, a trial court in the provincial oil town of Lago Agrio, Ecuador, imposed an $18 billion judgment against Chevron related to contamination of the rainforest in the 1970s and 1980s. On Tuesday, the Ecuadorian Supreme … [visit site to read more]
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