Mr Marcus McGowan MSc PgDip BA (Hons)

This Business Education Learning Blog is aimed primarily at Higher Business Management students/teachers and ICT students/teachers.

The aim of this blog is to provide you with interesting articles, news, trivia as well as resources or links to materials which will help in your course of study.

I am a Teacher of Business Education and I have written for Education Scotland and BBC Bitesize.

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Wednesday, 10 October 2012

Business News - No appeal for Chevron


The US Supreme Court has declined to block a judgement from an Ecuadorian court that a US oil firm pay billions in damages for pollution in the Amazon.
Chevron was fighting a ruling that it must pay $18.2bn (£11.4bn) in damages, a sum increased to $19bn in July.
It is the latest move in a decades-long legal wrangle between Texaco, bought by Chevron in 2001, and the people of the Lago Agrio region of Ecuador.
The decision could affect other oil firms accused of pollution.
The high court did not explain why it decided to reject the appeal from Chevron.
The case claimed that Texaco contaminated land between 1964 and 1992, and has triggered several other lawsuits in courts within the US and elsewhere.
Source: BBC News

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