Court scraps multibillion-dollar Ecuador damages against Chevron

An appeals court in The Hague has cancelled $9.5 billion in damages handed down by an Ecuadoran court against American energy giant Chevron for causing oil pollution in the Amazon jungle, Quito said Friday. The original ruling dates back to 2011 and was twice upheld on appeal in Ecuador, but Chevron took its protest to The Hague's Permanent Court of Arbitration, claiming it had already been exonerated of any wrongdoing. The Dutch court decided Ecuador was guilty of "denial of justice" and ordered it to annul its sentence against Chevron, Ecuador's public prosecutor Inigo Salvador said.

from Yahoo News - Latest News & Headlines https://yhoo.it/2CBOK9G
via Yahoo News