Canadian court dismisses Ecuador's $9.5 billion claim against Chevron Canada

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Canadian court dismisses Ecuador's $9.5 billion claim against Chevron Canada
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The Supreme Court of Canada on Thursday dismissed claims attempting to force Che...

CALGARY, Alberta - The Supreme Court of Canada on Thursday dismissed claims attempting to force Chevron Corp’s Canadian unit to pay a $9.5 billion judgment handed down in Ecuador against the U.S. oil major over pollution in the Andean country.

Residents of Ecuador’s Lago Agrio region have been trying to force Chevron to pay for water and soil contamination caused from 1964 to 1992 by Texaco, which Chevron acquired in 2001. The Court of Appeal for Ontario ruled in 2017 that Chevron Canada was a separate entity to its parent company and its shares and assets could not be seized by those seeking to enforce the Ecuadorian judgment.“Any further efforts by the plaintiffs’ lawyers to continue this lawsuit in Canada would be an abuse of the country’s legal system and a waste of its judicial resources,” said R. Hewitt Pate, Chevron’s vice president and general counsel.

Texaco was released from liability through a settlement with Ecuador years earlier, the tribunal found.

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