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Posts Tagged ‘Chevron

A Shell game?

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shell oil vintage sign_Karen BlahaWhen the CEO of Royal Dutch Shell chats up the importance of renewable energy as part of the globe’s future energy mix, one might well be a tad suspicious—after all this is an oil major speaking, right?

Could it be that Ben van Beurden has seen the light, powered by things other than fossil fuels? Is it possible he is thinking about the future in a way that’s perhaps more enlightened than simply rhetorical?

Speaking recently at OPEC‘s 167th meeting in Vienna, van Beurden said traditional energy sources should integrate and work together with clean technologies to provide sustainable and economically-sensible power for the future. Read the rest of this entry »

Written by William DiBenedetto

13 July, 2015 at 6:30 am

Chevron, Ecuador and the forever lawsuit

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Back in May I wrote about Chevron’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 $40 million 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 »

Written by William DiBenedetto

13 October, 2011 at 2:15 am

No Concessions from Chevron on Ecuador or Anywhere Else

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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 »

Written by William DiBenedetto

31 May, 2011 at 2:00 am

Chevron, the socially responsible oil company?

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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 »

Written by William DiBenedetto

17 May, 2011 at 2:00 am

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