Chevron Damage Assessment Raised to $27 Billion
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Chevron Damage Assessment Raised to $27 Billion: In November, an independent court-appointed expert determined that $27 billion is the appropriate amount Chevron should pay to remediate the vast environmental damage the company caused in Ecuador. The expert's prior $16 billion was revised given the estimate had not included groundwater clean up costs and compensation for cancer deaths. The news gives even more hope to the 30,000 inhabitants suffering the legacy of Chevrons dumping of 18 billion gallons of toxic wastewater into the rainforest. For Chevron, this is another devastating blow. The judge's ruling is expected in 2009.
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