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Ecuador’s Central Bank Pays US$112 Million To Chevron

Jul 25, 2016, 12:21 PM CDT

The central bank of Ecuador reports that it has paid Chevron US$112 million as a settlement on a contract dispute dating back forty years. Diego Martinez, head of the bank, confirmed the news on Friday.

The sum includes the US$96 million awarded to Chevron in 2011 by a Hague arbitration court, plus interest.

Read the rest:
http://oilprice.com/Latest-Energy-News/ … ement.html

Another example of corporations subverting sovereign governments through economic means. Think NAFTA, 3 amigos, TPP, etc., etc.

lois2b :

Another example of corporations subverting sovereign governments through economic means. Think NAFTA, 3 amigos, TPP, etc., etc.

Evidently it is now China's turn.

I went off topic in reply to lois  :D

New topic

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