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An international tribunal ordered Ecuador to pay Chevron $220 million, backing the company's claim over environmental damage in the Amazon.
An international tribunal has ordered Ecuador to pay Chevron $220 million, citing violations of investment protections, in a decades-long dispute over environmental damage in the Amazon linked to Texaco’s operations.
The ruling, which upholds Chevron’s use of investor-state arbitration, draws criticism for undermining a prior $9.5 billion Ecuadorian court judgment that found the company liable for pollution harming Indigenous communities.
Advocates argue the decision favors corporate interests over environmental justice and could set a precedent that weakens national sovereignty in environmental cases.
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Un tribunal internacional ordenó a Ecuador pagar a Chevron $220 millones, respaldando el reclamo de la compañía por los daños ambientales en la Amazonía.