The True Cost of Chevron

ecuador true cost of chevron

According to The Global Exchange:

Chevron’s 2008 annual report is a glossy celebration of the company’s most profitable year in its history.

What Chevron’s annual report does not tell its shareholders is the true cost paid for those financial returns, or the global movement gaining voice and strength against Chevron’s abuses.

Thus, we, the communities and their allies who bear the consequences of Chevron’s operations, have prepared an alternative annual report of Chevron entitled “The True Cost of Chevron.” We will release the report at a press conference on May 26 and a day later at Chevron’s Annual Shareholder Meeting in San Ramon, California on May 27.

Thus:The True Cost of Chevron is available for download. I’ve read most of it and, unfortunately, oil companies refuse to grow up and treat human beings with decency.

Chevron operates in the United States and has a presence in Colombia, Ecuador, Venezuela, Argentina, Brazil, as well as has derricks in the Caribbean Sea.

ecuador true cost of chevron 2

For over three decades, Chevron chose profit over people.

While drilling in the Ecuadorian Amazon from 1964 to 1990, Texaco – which merged with Chevron in 2001 – deliberately dumped more than 18 billion gallons of toxic wastewater, spilled roughly 17 million gallons of crude oil, and left hazardous waste in hundreds of open pits dug out of the forest floor. To save money, Texaco chose to use environmental practices that were obsolete, did not meet industry standards, and were illegal in Ecuador and the United States.

The result was, and continues to be, one of the worst environmental disasters on the planet. Contamination of soil, groundwater, and surface streams has caused local indigenous and campesino people to suffer a wave of mouth, stomach and uterine cancer, birth defects, and spontaneous miscarriages. Chevron has never cleaned up the mess it inherited, and its oil wastes continue to poison the rainforest ecosystem.

Please – contribute, protest, and disseminate this information.

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~ by Daniel on May 27, 2009.

One Response to “The True Cost of Chevron”

  1. I linked to your great, new blog.

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