Thursday, December 20, 2018

2018 Was Tough Year for Chevron On $12b Ecuador Case; Board Asked To Investigate CEO Wirth

Chevron had a tough year in 2018 as it dug itself an even deeper hole on environmental issues across the globe, most notably on the landmark pollution case where the company faces a $12 billion liability for causing the "Amazon Chernobyl" in Ecuador. Chevron's massive expenditures on that litigation -- now up to $3 billion in legal fees to pay 2,000...