Posts Tagged ‘ environmental fine ’

8.6 Billion Dollar Fine for Environmental Contamination

Feb 15th, 2011 | By
8.6 Billion Dollar Fine for Environmental Contamination

A global oil and gas company was found liable for soil and ground water contamination associated with historic drilling operations that impacted Ecuador’s northern jungle. The company was ordered to pay US$ 8.6 billion in remediation and restoration costs. The amount was far below the $27.3 billion recommended by a court-appointed expert. Plaintiffs allege that their hunting and fishing grounds near the headwaters of the Amazon River were contaminated by toxic wastewater […]