After 19 years of litigation, the monumental class action lawsuit against oil giant Chevron for environmental devastation in the Ecuadorian Amazon is nearing an end. On January 3, 2012, an Ecuadorian appeals court confirmed an $18 billion judgment against Chevron. This judgment is exceeded in size only by BP's expected outlay for the 2010 Gulf of Mexico oil spill. The judgment is internationally binding, and it sends the message that corporations cannot evade justice for their crimes around the world. It sets major precedents, not only for Ecuador's indigenous people and farmer communities, but also for international human rights, environmental law and corporate accountability.
An Overview of Socio Bosque Contracts with Indigenous CommunitiesDecember 2011
Though Socio Bosque has seen rapid growth in participation and amount of protected land since 2008, many concerns have been raised regarding the implementation of the current program and its future incorporation within a United Nations Convention on Climate Change REDD mechanism.
In this winter edition of Investor's Eye on the Amazon, we would like to draw your attention to a co-filing opportunity at Chevron, urgent on-the-ground testimony about Canadian company Talisman Energy's divisive oil operations in the ancestral territory of the Achuar people, and an update from the frontlines in Ecuador where Rukullacta Kichwa leaders and community members have rejected Ivanhoe Energy's controversial oil operations in their ancestral territory.
This third edition of our Investor's Eye on the Amazon quarterly email newsletter is jam-packed with important updates from a number of our campaigns.
A Year in the Struggle to Defend the AmazonFall 2011
Defending the Amazon is a defining battle of our time and has the potential to shift the balance towards justice, ecological balance and the recognition of our interdependence on nature and living systems. In this year's Amazon in Focus, we share stories from this struggle.
An Amazon Watch Risk AssessmentSeptember 2011
This report explores risks faced by Ivanhoe Energy investors from the Pungarayacu project, as well as those stemming from the company's history and questionable fiduciary management.
This is the second edition of our Investor's Eye on the Amazon quarterly email newsletter, featuring a new report entitled "An Analysis of the Operational Risks to Chevron Corporation from Aguinda v. ChevronTexaco."
An Analysis of the Financial and Operational Risks to Chevron Corporation from Aguinda v. ChevronTexacoMay 2011
Drawing on the unusually rich and revealing publicly available legal filings in this case, this report examines the potential damage and disruption to Chevron's operations from enforcement of the $18 billion Ecuador court judgment that was delivered on February 14, 2011. This report also assesses the risk that Chevron's aggressive counter-litigation and public relations campaign against the Ecuadorian plaintiffs' will backfire and prove to be a long-term barrier to the company's obtaining the legal right and social license to explore and operate in new regions.
A publication that exposes the failures of the Inter-American Bank.
This report by the Federation of Indigenous Communities of the Corrientes River (FECONACO) and Peruvian NGO Shinai documents the ongoing impacts of oil drilling in Oil Blocks 1-AB and 8 in the Northern Peruvian Amazon.