Chevron Won't Apologize To Slash $18B Ecuador Judgment

Law360, New York (February 03, 2012, 8:00 PM ET) -- Chevron Corp. said Friday it wouldn't apologize for alleged pollution in the Amazon that led to an $18 billion judgment, even though an Ecuadorean court would have slashed damages to $9.5 billion if it had apologized, according to plaintiffs attorneys.

The oil giant said Friday that apologizing for its predecessor Texaco Petroleum Co.'s alleged pollution in the Amazon rain forest would have required it to falsely admit to liability for environmental damage for which it was not responsible.

“The ... court's requirement that Chevron 'apologize' ignores...
To view the full article, register now.