In an interesting development, according to Law. Com, U.S. District Court Judge Lewis Kaplan slapped a temporary restraining order on Ecuadorean plaintiffs, which by extension should include the Country of Ecuador itself, and the new law firm, Patton Boggs, hired to shield lead lawyer Steven Donziger, formerly of Kohn, Swift, and Graff.
Apparently, Judge Kaplan thinks the whole Ecuador case is a sham and since Ecuadorian courts are known to be corrupt, and the plaintiff's case has evidence on top of proof that Donziger was in bed with the Country of Ecuador, the Judge decided on his own to block any attempt they might make to come to America and collect a damage claim of whatever billions in damages Ecuador's court may come up with. (First it was $16 billion and then $27 billion, and the recently $100 billion, and all from cooked reports created by the plaintiffs, and not, as claimed, an independent research analysis.)
See, Chevron has zero assets in Ecuador. None. It's not operated their since 1992, and to show you how misguided the paid advocates have been, the fields they point to claiming damage by Chevron, were actually fields that have been used, to this day, by the State-run oil company Petroecuador. Moreover, there have been over 100 oil spills since Chevron left Ecuador.
The point is, Ecuador continues to pollute its land and exploit its poor, all while continuing to pretend as if it's America's fault.
Ecuador Signs Contracts With Foreign Oil Firms
Meanwhile, and while Ecuador has successfully eliminated American Oil Companies from production in that country since Occidental Petroleum was kicked out in 2007 and Chevron left in 1992. The country, as recently as January, signed brand new oil production contracts with seven foreign firms, not one American: Petrobellfrom Brazil, Tecpecuador, from Argentinia, and as Spanish Petrosud-Petroriva, Spanish-Argentine Repsol-YPF and Colombian Pegaso. In the new contracts, and as part of its move to nationalize oil, Ecuador will keep 100 percent of oil production profits, and while promises have been made to help Ecuador's poor, there's no evidence of programs in operation to make good on those claims.
Remember, Ecuador is a member of The Organization of Petroleum Exporting Countries, having been reinstated in 2007, after a 15-year absence. The overall objective of OPEC is:
That "steady income" now comes to Ecuador, but its poor continue to suffer.
Sad.
Apparently, Judge Kaplan thinks the whole Ecuador case is a sham and since Ecuadorian courts are known to be corrupt, and the plaintiff's case has evidence on top of proof that Donziger was in bed with the Country of Ecuador, the Judge decided on his own to block any attempt they might make to come to America and collect a damage claim of whatever billions in damages Ecuador's court may come up with. (First it was $16 billion and then $27 billion, and the recently $100 billion, and all from cooked reports created by the plaintiffs, and not, as claimed, an independent research analysis.)
See, Chevron has zero assets in Ecuador. None. It's not operated their since 1992, and to show you how misguided the paid advocates have been, the fields they point to claiming damage by Chevron, were actually fields that have been used, to this day, by the State-run oil company Petroecuador. Moreover, there have been over 100 oil spills since Chevron left Ecuador.
The point is, Ecuador continues to pollute its land and exploit its poor, all while continuing to pretend as if it's America's fault.
Ecuador Signs Contracts With Foreign Oil Firms
Meanwhile, and while Ecuador has successfully eliminated American Oil Companies from production in that country since Occidental Petroleum was kicked out in 2007 and Chevron left in 1992. The country, as recently as January, signed brand new oil production contracts with seven foreign firms, not one American: Petrobellfrom Brazil, Tecpecuador, from Argentinia, and as Spanish Petrosud-Petroriva, Spanish-Argentine Repsol-YPF and Colombian Pegaso. In the new contracts, and as part of its move to nationalize oil, Ecuador will keep 100 percent of oil production profits, and while promises have been made to help Ecuador's poor, there's no evidence of programs in operation to make good on those claims.
Remember, Ecuador is a member of The Organization of Petroleum Exporting Countries, having been reinstated in 2007, after a 15-year absence. The overall objective of OPEC is:
to coordinate and unify the petroleum policies of its Member Countries and ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers and a fair return on capital for those investing in the petroleum industry.
That "steady income" now comes to Ecuador, but its poor continue to suffer.
Sad.
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