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Independent voices from the The Washington Times Communities
Topic - Chevron Corp.
Chevron's fraud case against Steven Donziger reaches a climax this week as the New York celebrity lawyer takes the stand for the first time to defend himself against charges that he engineered a record-breaking $19 billion judgment against the oil company for contamination of the Amazon rain forest.
It's a precedent-setting court case that is playing out like a soap opera. A celebrity lawyer, triumphant after winning the biggest environmental judgment in history, is in danger of causing his own downfall as he is caught on video appearing to admit to misconduct and fraud — just the latest twist in a high-stakes, decadeslong court battle over oil pollution in the Amazon rain forest.
Police arrested more than 200 demonstrators for trespassing at Chevron Corp. in Richmond, Calif., on Saturday to protest the proposed Keystone XL oil pipeline.
Chevron, Boeing and other companies whose fortunes are heavily dependent on government action or inaction were among the companies that gave $23 million to President Obama for his inauguration party, with the politician who ordinarily demonizes corporate money relying primarily on such sources, rather than individuals, for the $44 million gala in January.
California has the highest gas tax and most-stringent emissions regulations in the nation ("Gasoline prices skyrocket in California," Web, Sunday). It also has the most costly special summer formulation for gasoline in the nation. The Chevron Corp. refinery in Richmond, Calif., which was shut down after an explosion in early August, supplies a substantial amount of the summer formulation to the West Coast.
Federal and state investigators are trying to determine how to safely enter the area where a fire broke out in a Chevron Corp. refinery last week so they can examine a failed pipe blamed for the blaze, which the company reportedly considered replacing nearly a year ago.
Chevron Corp. is bracing for an onslaught of legal claims after one of its Northern California refineries caught fire and sent thousands of people to area hospitals with complaints about respiratory problems and other ailments.
The worst week for the stock market in two months ended with a whimper in thin trading Friday.
Brazil is expected to fine Chevron Corp. nearly $28 million for an ongoing offshore oil spill, Rio de Janeiro state's environment secretary said Monday.
A day of broad swings in the stock market ended with modest gains Tuesday as investors balanced strong U.S. retail sales with Europe's lingering debt crisis. The Dow Jones industrial average gained 17 points.
Stocks plunged early Friday after a dismal report on economic growth added to traders' fears that the U.S. might default on its debt.
An unexpected jump in claims for unemployment benefits and plummeting oil prices drove stocks lower early Thursday.
Widespread gains in commodity prices lifted energy and materials companies as part of a broad stock market rally Wednesday after three days of declines.
Widespread gains in commodity prices lifted energy and materials companies as part of a broad stock market rally Wednesday. Stocks built on morning gains after the Federal Reserve released minutes that showed that officials at the central bank are not planning to tighten monetary policy soon.