Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.
Chevron shareholders remain wary of the risks from an $11 billion judgment against the company in Ecuador. They also continue to be critical of Chevron management’s mishandling of the case.
El Tribunal Supremo de EE.UU. ha rechazado este lunes la recusación por parte de Ecuador de la decisión de una corte inferior que en agosto de 2015 imponía el pago de una indemnización de 96 millones de dólares a la petrolera estadounidense Chevron.
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.