Word: chevronings
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...lawsuit, the largest of its kind, has lasted 16 years, pitting U.S. oil giant Chevron against residents in the Amazon jungle of Ecuador. They accuse the company of massive petro-contamination of their communities in the late 20th century and seek $27 billion in damages, an amount that has turned nervous corporate heads worldwide...
...three months before a verdict is expected to be handed down, Chevron is doing the accusing, filing its own action with Ecuador's prosecutor general. It charges that the Ecuadorian judge in the case should be removed because, it claims, secretly recorded videos captured him admitting that he has already decided that Chevron is guilty - and they allegedly implicate him in a scheme to snag $3 million in bribes from firms hoping to win oil-cleanup contracts after his ruling. Also implicated are high-ranking officials in the government of leftist Ecuadorian President Rafael Correa, an outspoken critic...
...videos, recorded in June, show Judge Juan Nuñez in meetings with two men, an American and an Ecuadorian, who are allegedly soliciting cleanup deals. Nuñez appears to be merely explaining to them the judicial process involved in the Chevron suit. But at one point he is asked by the American, businessman Wayne Hansen, if Chevron is el culpable - the guilty party. Nuñez, off camera, answers, "Sí, señor" - "Yes, sir." Says Charles James, executive vice president of Chevron, which posted the videos on the Internet on Aug. 31: "No judge...
...cavalier fashion. In a newspaper interview, Nuñez denied that he told Hansen a predetermined verdict; his supporters say it's unclear in the videos, especially given Hansen's tortured Spanish, what exactly Nuñez is responding to. "This is a total trap on the part of Chevron," Nuñez said in an interview with Ecuadorian network Teleamazonas on Sept. 1. He acknowledged the meetings but said the secret videotaping was a setup, and he insisted that bribes were never discussed...
...Until now, major oil companies such as Chevron and ExxonMobil have stayed out of investing in the Kurdish zone for fear that investing there might prompt Baghdad to blacklist them from bidding for the far larger fields down South. But those fears have diminished as the stalemate in parliament over oil has dragged on. Big Oil might also be emboldened to make deals on oil fields in the Kurdish areas since last week, when the Chinese oil giant Sinopec announced that it was acquiring the Swiss oil company Addax Petroleum, which operates in Iraqi Kurdistan. "It will be much more...