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Lago Agrio residents attempted to force Chevron to pay for water and soil contamination between 1964 and 1992.
Chevron said Monday that Ecuadorian plaintiffs had withdrawn their lawsuit against the company in Canada seeking payment of a $9.5 billion pollution judgment handed down by an Ecuadorian court, adding that they had agreed to pay the costs. of justice.
Residents of the Lago Agrio region of Ecuador attempted to force Chevron to pay for water and soil pollution caused between 1964 and 1992 by Texaco, which Chevron acquired in 2001.
The villagers won a lawsuit against Chevron in Ecuador in 2011, a ruling that sparked a legal saga between the communities and the U.S. oil company. Since the company has no assets in the country, it attempted to sue it in the United States, Canada, Brazil and Argentina to enforce the decision.
“Chevron is pleased that the promoters of a fraudulent scheme have apparently realized that no legitimate court will enforce a decision they purchased in Ecuador,” said the company's vice president and general counsel, R. Hewitt. Pate, in a press release.
“Chevron will continue its efforts to hold accountable the lawyers and investors behind this fraudulent scheme,” he added.
In September last year, an international court ruled unanimously that an Ecuadorian judge's ruling against Chevron “was obtained through fraud, bribery and corruption and was based on allegations that the Republic of Ecuador had already resolved and resolved years ago”. (YO)
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