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Environment

These Ecuadorians Want to Seize Chevron's Canadian Assets

by The Daily Eye Team September 4 2015, 3:21 pm Estimated Reading Time: 0 mins, 28 secs

The villagers are trying to collect on a nearly $10 billion judgement by Ecuador's courts against Chevron, claiming they suffer from lingering health problems from toxic oil residues left behind by a decades-old venture in the Amazon basin. They've asked the justices to allow them to pursue the estimated $15 billion that Chevron has in Canadian assets. But Chevron argues the judgement against it was based on fraud ? and that in any event, its assets in Canada are owned by its Canadian subsidiary and aren't subject to the ruling. Read More?at ?www.news.vice.com