Chevron fined for Amazon pollution by Ecuador court A court in Ecuador has fined US oil giant Chevron $8.6bn (£5.3bn) for polluting a large part of the country’s Amazon region. The oil firm Texaco‚ which merged with Chevron in 2001‚ was accused of dumping billions of gallons of toxic materials into unlined pits and Amazon rivers. Campaigners say crops were damaged and farm animals killed‚ and that local cancer rates increased. Condemning the ruling as fraudulent‚ Chevron said it would appeal
Premium South America Petroleum Indigenous peoples of the Americas
water has long been recognized as toxic and when Texaco began dumping produced water‚ local people who depend on the rivers for bathing‚ drinking‚ and cooking began reporting skin rashes and other ailments. Furthermore‚ many fish have disappeared from the rivers around the oil concession area. This has contributed to dire poverty among indigenous Ecuadorians who used to depend on fish as a major source of nutrition (ChevronTexaco‚ n.d.). Texaco is under by the Chevron Corporation‚ upon the filing
Premium Management Petroleum Scientific method
after the acquisition of Gulf Oil Corporation in 1984. This merger was the largest merger till that time in the history of the United States and it doubled the oil and gas reserves of the company. Chevron merged with Texaco in 2001 & formed a new company named ChevronTexaco. Texaco was one of the branches of Chevron family. It was formed in 1901 in Beaumont‚ Texas. To convey a unified presence in the world‚ it was again renamed to Chevron in 2005. Chevron strengthened its position by acquiring Unocal
Premium Chevron Corporation Petroleum
Chevron Hires Ex-Reporter to Investigate Pollution‚ Chevron Looks Good By BRIAN STELTER What did Chevron do when it learned that “60 Minutes” was preparing a potentially damaging report about oil company contamination of the Amazon rain forest in Ecuador? It hired a former journalist to produce a mirror image of the report‚ from the corporation’s point of view. As a demonstration of just how far companies will go to counteract negative publicity‚ the Chevron case is extraordinary. Gene Randall‚ a
Premium Amazon Rainforest Plaintiff
Chevron Corporation An Evaluation of Corporate Social Responsibility Introduction Who We Are Universal Responsibility Solutions (URS) is a network of consultants geared toward analyzing corporate behavior and providing recommendations for improving corporate social responsibility efforts. We work with a plethora of global clientele committed to creating‚ implementing‚ improving and maintaining strong a presence of Corporate Social Responsibility (CSR) at their organizations
Premium Corporate social responsibility
There are some worldwide companies (big and recognized companies) that have grown because of their effort‚ their sales‚ their contribution to society‚ the use of their products that some times are a basic part of life of the human beings today; these few characteristics that I´ve mentioned of why some of the companies are known around the world are the ones that we have seen somewhere or heard from someone‚ the ones that people or advertising tell us to believe that these companies do‚ but sometimes
Premium Corporation Globalization International trade
the U.S. Supreme Court under the Sherman Antitrust Act. It would later become Standard Oil Company of California (SoCal) after acquiring Pacific Oil Company in 1926. 10 years later‚ the SoCal joined forces with The Texas Company (a predecessor to Texaco) and formed Caltex Group of Companies‚ in order to manage interests of both entities in Middle East and Indonesia with an outlet through Texas Company’s establish European market. With strategic mergers with companies such as Signal Oil and Standard
Premium Chevron Corporation Petroleum Standard Oil
“The growing corporate espionage activities due to intense competition lead to highly controlling security measures and intensive employee monitoring which bring about distrust in the workplace” Part I .What I already know The reason I chose this topic is due to the fact that a class called human resources management which by the way is my major‚ once we discussed the topic of ethics the professor covered corporate espionage and determined it as a federal crime. Professor Valdivieso felt very
Premium Business ethics
America‚ even the whole world‚ the environmental problems it caused has aroused great public concern. This essay analyses the environmental contamination caused by Chevron Corporation operation‚ specifically in two cases: environmental atrocity in the Ecuador and Brazil oil spills. On the other hand‚ it describes some positive measures that Chevron takes to protect the environment which is focus on the following areas: protecting the environment‚ respecting biodiversity and preserving freshwater resources
Premium Environmentalism Petroleum Environment
Chapter 1 Introduction to International and Comparative Law Case 1-1. IGNACIO SEQUIHUA V. TEXACO INC. ET AL. United States District Court for the Southern District of Texas‚ 1994. FACTS: Plaintiffs‚ Ecuador residents‚ filed suit in Texas over alleged environmental damage in Ecuador. Plaintiffs pray for money damages‚ an injunction to clean up‚ and a court-administered trust fund. Defendants bring motions to dismiss. ISSUE: Should the court decline to exercise jurisdiction based on the doctrine
Premium United States Supreme Court of the United States United States Congress