SEC Asked to Sanction Chevron for Hiding Billion Liability in Ecuador

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SEC Asked to Sanction Chevron for Hiding $10 Billion Liability in Ecuador

This was taken from the newsletter by Greg Rogers (rogers@advancedenvironmentaldimensions.com) at www.advancedenvironmentaldimensions.com.
SEC Asked to Sanction Chevron for Hiding $10 Billion Liability in Ecuador
On March 25, Amazon Watch asked the Securities and Exchange Commission (SEC) to impose a “substantial” sanction on Chevron for misrepresenting facts to shareholders over a potential $10 billion liability resulting from a class-action environmental lawsuit in Ecuador’s Amazon region. Read Amazon Watch’s letter to the SEC.

This entry was posted on Monday, June 30th, 2008 at 4:20 pm and is filed under ●Brownfields Corporate World: SOX,FIN 47,Sell or Not?, ●Environmental Liability Issues.

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