Argentine Court Freezes Chevron Assets
From Fox News Latino
An Argentine judge has embargoed the assets of U.S. oil supermajor Chevron Corp. in the South American country, a victory for plaintiffs trying to collect on a $19 billion judgment against the company in Ecuador for environmental damage.
Judge Adrian Elcuj Miranda on Wednesday upheld a petition by an Ecuadorian court that was filed under the terms of a regional treaty, the attorney for the plaintiffs in Argentina, Enrique Bruchou, said in a press conference.
The goal of the 47 named Ecuadorian plaintiffs is to collect on a $19 billion sum that Chevron has been ordered to pay for irreversible environmental damage between 1964 and the early 1990s by Texaco.
The plaintiffs represent some 30,000 rainforest villagers and Indians who say Texaco, which Chevron acquired in 2001, spoiled their lands and damaged their health by dumping billions of gallons of toxic drilling waste in a 480,000-hectare (1,850-sq.-mile) area of the Ecuadorian Amazon.
They are seeking to enforce those rulings in countries such as Argentina, Canada and Brazil because Chevron has few assets in Ecuador.
The embargo covers 100 percent of Chevron Argentina’s stock – valued at roughly $2 billion – and all of its dividends -, its 14 percent stake in the company Oleoductos del Valle, 40 percent of the company’s oil sales to refineries and 40 percent of the funds it has deposited in Argentine banks, he said.
Chevron is the fourth-largest oil producer in Argentina with output of 35,000 barrels per day in 2011, according to the company’s Web site.
James Craig, Chevron’s spokesman for Latin America, told Efe that all of the oil company’s operations in Argentina are conducted by subsidiaries and that the plaintiffs have no right to attach subsidiary assets.
The case in Ecuador is currently before the National Court of Justice in Quito, but the sentence is already enforceable because Chevron has refused to post a bond with the high court to prevent enforcement of an appellate court’s judgment.
Gerry Blankley June 8, 2013 at 12:18 am
I just want to mention I am just new to blogging and site-building and honestly liked you’re web blog. Very likely I’m going to bookmark your site . You absolutely come with incredible posts. Thanks for sharing your website page.
Nerissa Plotkin June 9, 2013 at 11:21 pm
hello!,I love your writing so much! share we be in contact more about your article on AOL? I need a specialist in this house to resolve my problem. Maybe that is you! Having a look forward to look you.
Connie Caprice June 10, 2013 at 12:03 am
My spouse and i have been so peaceful Peter could complete his analysis out of the precious recommendations he made using your weblog. It’s not at all simplistic to just always be giving out procedures that many other folks might have been trying to sell. So we recognize we have got the blog owner to be grateful to for that. Those explanations you’ve made, the simple web site navigation, the friendships you assist to promote – it’s got most powerful, and it’s helping our son and us recognize that this topic is entertaining, and that’s wonderfully fundamental. Thank you for all the pieces!
guide to v2 cigs coupon June 10, 2013 at 10:02 am
How do you make your site look this awesome! Email me if you can and share your wisdom. !
Noe Ith June 10, 2013 at 5:06 pm
Generally I don’t read article on blogs, but I would like to say that this write-up very compelled me to try and do it! Your writing style has been surprised me. Thanks, very nice post.
save on June 11, 2013 at 5:35 pm
Have you considered adding some differing opinions to your article? I think it might enhance everyones understanding.
fshdshdgjh June 13, 2013 at 10:58 am
No man can serve two masters.
Population Of California 2013 June 13, 2013 at 9:59 pm
Aw, this was an extremely good post. Taking a few minutes and actual effort to create a very good article… but what can I say… I put things off a lot and don’t manage to get nearly anything done.
landscape installation June 14, 2013 at 4:56 pm
Do youve a spam problem on this web site; I also am a blogger, and I was asking yourself your scenario; weve got created some good methods and were searching to exchange options with other individuals, be certain to shoot me an e-mail if interested.
how to attract clients June 14, 2013 at 11:41 pm
Have you given any thought at all with translating your current site into Spanish? I know a couple of translaters right here which would help you do it for no cost if you wanna make contact with me personally.
Payroll Advance Loan June 15, 2013 at 12:58 am
[...]…Argentine Court Freezes Chevron Assets – Energy TribuneEnergy Tribune | http://www.ez-on-web.com [...]…
Continue Reading June 15, 2013 at 7:38 am
Well I really enjoyed studying it. This information provided by you is very effective for proper planning.
Apply For Student Loan June 15, 2013 at 10:40 am
This is a great article. Thanks for sharing this informative post. I will visit your blog regularly for some latest post.
http://www.ez-on-web.com
Population Of China June 15, 2013 at 6:06 pm
I wanted to thank you for this wonderful read!! I certainly enjoyed every little bit of it. I have you book-marked to check out new stuff you post…
Paidsurveys June 16, 2013 at 4:46 am
I always wished to write in my site something like that.
http://www.ez-on-web.com
Australia Population June 16, 2013 at 8:00 am
An outstanding share! I have just forwarded this onto a coworker who was doing a little homework on this. And he actually ordered me dinner because I stumbled upon it for him… lol. So let me reword this…. Thanks for the meal!! But yeah, thanks for spending some time to discuss this topic here on your site.
Esteban Cueva June 16, 2013 at 3:31 pm
I just want to tell you that I am just beginner to blogging and site-building and certainly loved your web blog. Very likely I’m likely to bookmark your site . You actually come with exceptional article content. Bless you for sharing your web site.
how to make money online June 16, 2013 at 8:45 pm
An outstanding share! I’ve just forwarded this onto a co-worker who had been conducting a little research on this. And he actually bought me breakfast due to the fact that I discovered it for him… lol. So allow me to reword this…. Thanks for the meal!! But yeah, thanx for spending time to talk about this subject here on your web page.
how to attract clients June 16, 2013 at 8:56 pm
When are you going to post again? You really inform a lot of people!
Rosanne Ralat June 17, 2013 at 3:02 am
Thanks, sis!
how to make money online June 17, 2013 at 4:49 am
Greetings, I believe your site might be having browser compatibility problems. When I take a look at your website in Safari, it looks fine however, when opening in Internet Explorer, it’s got some overlapping issues. I merely wanted to provide you with a quick heads up! Apart from that, excellent blog!
darmowe tapety na pulpit komputera 1280x1024 June 18, 2013 at 3:48 am
Undeniably consider that which you stated. Your favorite justification seemed to be on the internet the easiest thing to bear in mind of. I say to you, I certainly get annoyed whilst other folks consider issues that they plainly don’t recognise about. You managed to hit the nail upon the highest as well as outlined out the entire thing without having side effect , other folks could take a signal. Will likely be again to get more. Thanks
tapety na pulpit darmowe wielkanocne June 18, 2013 at 4:05 am
Would love to forever get updated great web site! .
Hotel Kraków June 18, 2013 at 7:47 am
Your blog site is pretty cool! How was it made !
Cary Raisor June 18, 2013 at 9:16 am
Data and thus add-ons are the way to develop a account intended for prom dresses, assuming you really want to come to be amore exciting, from the not likely refined. Put aside skillful, dainty daisy fine points and investigate prom dresses by means of wedding bouquets of big, beautiful take into account. Fabric rose bushes and even peonies are considered lots with a catwalks just recently,Cheap evening dresses, and so make the leap and consequently become a part of the fashion. The higher the more suitable. Prom dresses utilizing clean diamante and additionally gleaming sequin centrepieces will add a little sparkle as part of your glimpse.
zyczenia na 30 rocznice slubu June 18, 2013 at 10:53 am
Loving the information on this web site , you have done great job on the blog posts.
Sporting Clube de Portugal June 18, 2013 at 11:58 am
I wanted to write you this tiny remark to finally thank you yet again for your personal pleasant pointers you have documented here. It’s strangely generous of people like you to make freely just what a lot of people would have distributed for an e-book to help with making some bucks for themselves, chiefly considering that you might well have tried it in the event you considered necessary. The strategies additionally worked to provide a fantastic way to know that most people have the same passion similar to my personal own to understand a good deal more in regard to this issue. Certainly there are millions of more enjoyable moments in the future for individuals that read through your website.
kawaly o jasiu i malfosi June 18, 2013 at 4:38 pm
Good day! Do you know if they make any plugins to protect against hackers? I’m kinda paranoid about losing everything I’ve worked hard on. Any tips?