Chevron Argentine assets ‘frozen’ over Ecuador pollution claims

08 Nov, 2012

In the latest move in the ongoing Chevron saga, a judge has ordered the freezing of $19 billion worth of the company’s assets in Argentina. The move relates to the long-running and much publicised environmental damages claim in Ecuador, in which Chevron is accused of almost 30 years of land pollution in the Amazon region.

 

In 2011, the oil giant was ordered to pay $19 billion in damages by a court in Ecuador. However, the plaintiffs are now making an attempt to have the ruling enforced in Argentina due to the fact that Chevron does not have a considerable amount of assets in Ecuador.

 

According to the BBC, ‘the Ecuadorean plaintiffs’ lawyer, Enrique Bruchou, said that the Argentine judge had agreed to their request to freeze Chevron’s assets in Argentina after they could not get the company to pay up in Ecuador’. 

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