The price we pay (again)
$18,000,000,000, thee fine handed to Chevron by Ecuador is big by any standards, and the damage that must have been caused to justify a penalty of this scale is almost unimaginable. Nevertheless, good things can come from bad.
The New York State Common Retirement Fund – which manages $150bn of state government pensions – has filed a resolution calling on Chevron to appoint an independent board member with environmental expertise. Chevron are behind the times in appointing a CSO – Chief Sustainability Officer at C-level – and better late than never
via Chevron chiefs face shareholders after huge $18bn Ecuador fine | Environment | guardian.co.uk.
