Chevron was fighting a ruling that it must pay $18.2bn (£11.4bn) in damages, a sum increased to $19bn in July.
It is the latest move in a decades-long legal wrangle between Texaco, bought by Chevron in 2001, and the people of the Lago Agrio region of Ecuador.
"While Chevron is disappointed that the court denied our petition, we will continue to defend against the plaintiffs' lawyers' attempts to enforce the fraudulent Ecuadorean judgment, and to further expose their misconduct," Chevron said in an email statement.
I feel it safe to say that Texaco did there fair share of pollutung. Yet these guys will use every legal maneuvere possible to avoid responsibility. Probably end up like an Exxon-Valdez situation
Edited by jugoso, 11 October 2012 - 06:25 AM.