Chevron says Dutch Supreme Court rejects Ecuador’s $9.5 billion claim

FILE Photograph: A Chevron gasoline station indicator is witnessed in Del Mar, California, in this April 25, 2013 file picture. REUTERS/Mike Blake

(Reuters) – The Supreme Court docket of the Netherlands dismissed Ecuador’s tries to annul options of an global arbitral tribunal that asked for Ecuador to stay clear of enforcement of a $nine.five billion judgment toward Chevron Corp any where by in the environment, the U.S. oil main pointed out on Tuesday.

Chevron pointed out the Dutch court’s last choice upholds rulings of two Dutch lessen courts which turned down Ecuador’s tries to annul men and women awards.

“The Dutch supreme courtroom learned that the challenged arbitral awards are frequent with neighborhood approach and justified to stay clear of irreversible harm to Chevron,” the company pointed out.

Previously this thirty day period, the Supreme Court docket of Canada knowledgeable dismissed promises making an attempt to generate Chevron’s Canadian system to shell out the $nine.five billion judgment handed down in Ecuador toward the company about air pollution in the Andean point out.

Citizens of Ecuador’s Lago Agrio spot have been in search of to generate Chevron to shell out for consuming drinking water and soil contamination introduced about from 1964 to 1992 by Texaco, which Chevron attained in 2001.

The villagers acquired a judgment toward Chevron in Ecuador in 2011.

The latest last choice provides to very a several courtroom victories that Chevron has obtained toward the plaintiffs and its authorized staff in this circumstance.

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