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Stock market sinks amid fears over emerging markets

US stocks opened sharply lower Friday amid persistent worries over emerging market economies and a handful of earnings disappointments by US companies. About 40 minutes into trade, the Dow Jones Industrial Average tumbled 180.40 points (1.14 percent) to 15,668.21. The broad-based S&P 500 fell 15.47 (0.86 percent) to 1,778.72, while…

Chevron ordered on appeal to pay Ecuador $9.51 billion for environmental damage

An Ecuadoran court upheld a ruling that US oil giant Chevron was liable for environmental damage in its Amazon basin region by sister company Texaco, but ordered it to pay a reduced $9.51 billion. The Supreme Court on Tuesday upheld a 2012 ruling against Texaco, which operated in the South…

Romanian villagers and priests occupy Chevron fracking site in protest

Romanian police clashed with villagers on Wednesday as they tried in vain to force them off a field they have occupied for a third day to prevent U.S. energy giant Chevron from drilling for shale gas. Hundreds of protesters blocked access to the site at Silistea in eastern Romania where…

Chevron agrees to pay $41.6 million for oil spill in Brazil

US energy giant Chevron and Swiss-based rig operator Transocean signed a deal with Brazilian prosecutors on Friday to settle lawsuits over an oil spill off the coast of Rio de Janeiro. Chevron has agreed to pay $41.6 million in compensation over the leak of 3,000 barrels of crude in November…

Chevron brings up ‘new evidence’ to fight $19 billion pollution fine in Ecuador

U.S. oil giant Chevron, hit in Ecuador with a record $19 billion fine for pollution, asked Monday for the court to consider what it claimed was “new evidence” the judge in the case was corrupt. In a statement in Quito, the company — which has been castigated by President Rafael…

Ecuador’s president denounces Chevron as ‘enemy of our country’

Ecuador’s firebrand leftist President Rafael Correa lambasted US oil giant Chevron as an enemy for allegedly besmirching his country as part of a lengthy court battle over Amazon pollution. Last year an Ecuadoran court ordered Chevron to pay $19 billion dollars for polluting the rain forest. The case is still…

Police arrest more than 200 protesters for trespassing at Chevron plant

By Ronnie Cohen RICHLAND, California (Reuters) – Police arrested more than 200 demonstrators for trespassing at Chevron Corp in the California city of Richmond on Saturday to mark the one-year anniversary of a massive refinery fire and to protest a proposed Keystone XL tar sands pipeline. The arrests came as…

Richmond, California sues Chevron over massive oil refinery fire that sent thousands of people to hospitals

By Laila Kearney SAN FRANCISCO (Reuters) – The Northern California city of Richmond on Friday sued Chevron Corp, saying the company was willfully negligent in a massive refinery fire and a smoke cloud last year that sent thousands of people to hospitals. Richmond city officials filed the lawsuit in Contra…

Chevron accused of ‘environmental crime’ in Brazil

RIO DE JANEIRO — Federal prosecutors in Rio de Janeiro on Wednesday accused US oil giant Chevron and 17 executives of “environmental crime” in connection with a major spill off southeastern Brazil last November. The country’s national oil regulator estimates that 2,400 barrels of crude were spilled in the accident,…

Chevron accused of graft in Indonesian green project

Indonesia on Saturday accused five Chevron employees of being involved in a scam to set up a fictitious green project that lost the state some $270 million, a charge denied by the US oil giant. “The Attorney-General’s Office (AGO) has named seven suspects, five of whom are from Chevron,” the…

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