Archive for May 2011
Among the developments at Chevron’s recent raucous annual shareholder meeting was the oil company’s stubborn refusal to settle an $18 billion lawsuit over oil pollution in Ecuador.
Chevron is on trial in Ecuador for widespread contamination of Amazonian land and water resources in the 1970s by Texaco, which Chevron purchased in 2001. Plaintiffs suing Chevron are challenging the adequacy of a remediation effort that Texaco completed in 1998. A court-appointed expert in the Ecuadorian litigation has recommended that Chevron be held liable for up to $27.3 billion in damages. In February, an Ecuadoran judge fined the San Ramon oil major $9.5 billion over oil-field contamination in a portion of the Amazon rain forest where Texaco used to drill, working as a partner with the government-run Petroecuador. The fine could increase to $18 billion. Read the rest of this entry »
When you’re a member of the Big Oil club, bragging about your CSR accomplishments and good citizenship rings more than hollow, it is tone deaf and lame from an environmental and climate change perspective and considering the commodity involved.
Chevron forged ahead anyway with its 2010 Corporate Responsibility Report, released this month. It makes these points: The company achieved the safest year in its history; it has reduced total energy consumption by 33 percent since 1992; spent $2 billion with small U.S. businesses and “increased social investment” in communities around the world to $197 million. Yippee-skippee. Read the rest of this entry »
TransAlta, the last operating coal-fired plant in the Pacific Northwest, is shutting down, but not until 2025 under a deal between Washington Gov. Chris Gregoire, TransAlta state regulators and environmental groups.
Gregoire finalized the deal on April 29 when she signed legislation that will systematically end coal-burning in the state. Read the rest of this entry »