The U.S. Supreme Court let stand a $96 million international arbitration award issued in 2011 in favor of energy company Chevron in a dispute over the development of oil fields in Ecuador.
Nul besoin d’envoyer canonnières ou porte-avions pour intimider un Etat qui menacerait les intérêts des puissantes compagnies occidentales. Il existe un discret mécanisme pour régler les litiges entre États et investisseurs : l’ « ISDS ».
The Oxy II awards subvert the notion of sovereignty: by whom and how a country’s natural resources are used becomes a minor question as long as wealth is maximised.
The ruling from the District Court of the Hague in favor of U.S. oil giant Chevron effectively exonerated the company from any responsibility for remediating the contamination in the Amazon.
Ecuador alcanzó un acuerdo de pago con la empresa petrolera estadounidense Occidental (Oxy), anunció ayer (9-1) el presidente Rafael Correa, en el enlace sabatino 458, transmitido desde Malchinguí, Pichincha.