An Oil Company Just Earned A Huge Settlement After Environmentalists Brought False Charges

An Oil Company Just Earned A Huge Settlement After Environmentalists Brought False Charges, by Tim Pearce.

The Supreme Court of Gibraltar awarded the oil company Chevron $38 million Friday for damages related to charges alleging the company contaminated the Amazon region of Ecuador.

An Ecuador court issued an $18 billion judgement against Chevron in February 2011 for environmental and social harm the company allegedly caused to the Amazon. The amount was later reduced to $9.5 billion, but a U.S. district court in New York nullified the judgement due to fraudulent and illegal activities by Steven Donziger, the lead American lawyer behind the lawsuit, according to the district court ruling.

Earlier post.

hat-tip Scott of the Pacific