A U.S. judge handed Chevron Corp. a key victory in the energy company’s long-fought battle against a multibillion-dollar pollution lawsuit in Ecuador, ruling the American lawyer leading the case resorted to bribery and fraud.
Chevron Corp. won a U.S. judge’s ruling that a multibillion-dollar pollution judgment issued in Ecuador was procured by fraud, making it less likely that plaintiffs will collect the $9.5 billion award.
The drought parching Singapore and swaths of Malaysia and Indonesia threatens to raise food prices, slow economic growth and disrupt water supply in the region, home to the world’s oldest tropical rain forests.
Kellogg Co. has agreed to buy palm oil only from suppliers who can prove they don’t damage rain forests, the strongest move yet by a public food manufacturer to stop the practice, according an environmental group that pressured the maker of Corn Flakes and Rice Krispies.
Gabon is still looking for a partner to help the West African nation develop the Belinga iron-ore deposit, after ending an agreement with a Chinese company in December, according to Minister of Mines Regis Immongault.
To environmentalists, Indonesia is the home of developers who clear virgin rain forests, destroy the habitat of orangutans, and contribute to global climate change. But on May 13, Indonesia extended a policy of keeping virgin rain forest off-limits to the palm oil industry, a main driver of deforestation.