Chevron Awash in Cash, But No Enviro Settlement

It’s been a very good few years for Chevron. The oil giant just reported first quarter net revenue of $4.7 billion, an increase of 18 percent over last year. Despite its overflowing coffers, Chevron continues to deny culpability for past sins by Texaco in wreaking environmental havoc in Ecuador. This week protesters from Ecuador interrupted […]

It's been a very good few years for Chevron. The oil giant just reported first quarter net revenue of $4.7 billion, an increase of 18 percent over last year.

Chevron_logo_2
Despite its overflowing coffers, Chevron continues to deny culpability for past sins by Texaco in wreaking environmental havoc in Ecuador. This week protesters from Ecuador interrupted a Chevron board meeting to remind everyone of the 30,000 plus people in the country whose water and air have been polluted by Texaco's thirty years of drilling and dumping.

Chevron paid $40 million to dump dirt on the cesspools of toxic waste, but according to Ecuadorian President Rafael Correa, Texaco left 18 billion gallons of dirty wastewater and has been refusing to settle the $6 billion lawsuit. This case is detailed by author Terry Tamminen, whom I interviewed previously.

Since we have ample choice in where we fill up, so I won't stop at a Chevron or Exxon/Mobile station (which refuses to invest in alternative energy). Every energy company has its faults, but I suggest make a statement with your wallet.