Artikel
[PDF] Investor statement on Chevron and Aguinda v. Texaco
We urge Chevron to use the Aguinda v. Texaco verdict earlier this year to take a fresh look at its options to address Texaco’s legacy in the Ecuadorian rainforest. In February 2011, the Ecuadorian Provincial Court found Chevron liable for $18 billion in compensatory and punitive damages for polluting vast areas of the Amazonian rainforest from oil drilling and its waste products...We...call upon the Company to reevaluate whether endless litigation in the Aguinda case is the best strategy for the Company and its shareholders, or whether a more productive approach, such as reaching an equitable negotiated settlement, could be employed to protect shareholder investments and prevent any further reputational harm due to protracted litigation.