Because being a corporation means you never have to pay for the damages you cause, after all that is why we have governments and taxes. Repairing the harm done by corporations is the role of the government according to corporate welfare queens.
By David Edwards
Monday, February 14th, 2011
Update: Chevron ordered to pay $8 billion
An Ecuadorean judge ruled Monday that Chevron must pay at least $8.2 billion for allegedly dumping oil-drilling waste. The company has pledged to appeal the ruling.
Original report continues below…
Chevron, accused of dumping oil-drilling waste in the Ecuadorean jungle, is facing a multibillion-dollar lawsuit. To fight it, they are counter-suing the alleged victims.
The company filed a Racketeer Influenced and Corrupt Organizations Act (RICO) lawsuit in federal court in New York earlier this month, accusing the plaintiffs of fraud, interfering with contracts, trespass, unjust enrichment and conspiracy.
“Chevron is acting out of pure desperation because we are nearing judgment,” Karen Hinton, a spokeswoman for the plaintiffs, told activist campaigners with the watchdog site ChevronToxico.
“The company’s new legal actions are designed to intimidate lawyers and funders and to provide a fake cover story for shareholders when the company is hit with an adverse judgment,” she added.