Article
Expert asks Ecuador court to fine Chevron $7-$16 bln
An independent environmental expert told a court in Ecuador that oil company Chevron Corp should pay $7 billion to $16 billion in compensation for environmental damage in the country. In a report to the court, geologist Richard Cabrera said the low end of the range represented the cost to remediate soils and pay for health care costs, a water system and infrastructure improvements. The high end of the range was based on an "unjust enrichment" penalty…. Chevron has argued that it was released from any liability because it paid $40 million for an environmental cleanup in the 1990s, and blames state oil company Petroecuador for much of the pollution. [also refers to Texaco]