The company has desperately tried to seek a dismissal of the case; in February, Chevron's general counsel accused a geological engineer serving as a court advisor of being “biased” and acting in favor of the plaintiffs. (The plaintiffs are Ecuadorian natives seeking $27 billion in damages for the alleged dumping of waste water in the jungle).
Some of Chevron’s stockholders have called for an environmental protection report to be conducted related to the case in Ecuador. Chevron’s management- as you might imagine- were none too happy with the proposal and have since gone on the attack:
In a letter on Wednesday urging investors to vote it down, Chevron said proposal backer Trillium Asset Management, a Boston-based manager of socially responsible funds, had waged carefully orchestrated media campaigns every year over the past half-decade.A spokeswoman for Trillium rejected Beebe’s claims and deemed it as a “a tactic to scare shareholders."
"In their campaign for this year's annual stockholder meeting, the plaintiffs' lawyers and their colleagues have added a new dimension to their pressure strategy: a campaign to generate fear in the investment community," Chief Governance Officer Lydia Beebe wrote in the letter filed with regulators.
Image- Time (“The lawsuit alleges that Texaco, acquired by Chevron in 2001, left behind oil waste pits during the eighteen years in which it drilled in the region and that this has contributed to a higher rate of cancer and other ailments among the settlers and indigenous people who live there. This photo shows a waste pit left by Petro Ecuador, Texaco's partner in the region.”)
Online Sources- The Latin Americanist, Reuters, CNNmoney.com