Chevron Loses Round With Supreme Court

Chevron's bid for Supreme Court help fails.

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    NEWSLETTERS

    Courtesy of Chevron firefighter
    Chevron's plant in Richmond, California.

    San Ramon-based Chevron Corp. failed to convince the U.S. Supreme Court to block a ruling made in Ecuador ordering the oil giant to pay for pollution it caused in the Ecuadorian rainforest, according to reports.

    The oil giant had been sued by residents of Edcuador's rainforest, who alleged that Texaco, which was bought by Chevron in 2001, had polluted the country's Lago Agrio region for decades, Reuters reported.

    A court in Ecuador ordered Chevron to pay $18.2 billion in restitution. Chevron went to the courts in the United States to block the judgment. Lower courts sided with Ecuador, and the Supreme justices, too, declined to block the judgment, according to Reuters.

    The Ecuadorian judgment was made in February 2011.

    Chevron's initial bill was $8.6 billion, which increased when Chevron failed to make a public apology, according to reports.

    The company called the jugement "fradulent" in court filings. Ecuadorian interests are trying to collect on the judgment in Brazil and in Canada, but not the United States.