Tuesday, August 11, 2015

Chevron's Ecuador Strategy Backfires As Villagers Move to Seize $106m From Company

If you want a vivid example of how Chevron CEO John Watson and General Counsel R. Hewitt Pate continue to step on themselves in Ecuador, look no further than the company's recent arbitration "victory" against the government of Ecuador in a case involving a dispute over oil royalties. This supposed Chevron "victory" -- in the amount of a $106 million...