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21 Oct '12, 3pm

Chevron CEO John Watson Lied to Shareholders About Not Having Assets In Ecuador #CSR

QUITO, Ecuador, Oct. 19 /CSRwire/ - A court decision this week in Ecuador to freeze an estimated $200 million of Chevron assets is clear evidence that the oil giant’s CEO and General Counsel were lying to shareholders when they repeatedly claimed the company had no assets in the country, according to an analysis by the Amazon Defense Coalition. An Ecuador court this week froze all bank accounts of Chevron and its subsidiaries in the country as part of seizure actions stemming from a $19 billion judgment against the oil giant for causing environmental contamination in the rainforest, decimating indigenous groups and creating an outbreak of cancer. See here and here. On four separate occasions this year, Chevron CEO John Watson and General Counsel R. Hewitt Pate signed off on statements that explicitly said the company had no assets in Ecuador. Watson used the statements to ...

Full article: http://www.csrwire.com/press_releases/34777-Chevron-CEO-J...

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