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Monday, February 14, 2011

Holding Companies AND Shareholders accountable

Fining large companies, especially MNCs, often means reduction of earnings of a few pennies per share. There are no serious consequences. Fining company executives and large shareholders serious money will bring fear and constraint into the current greed driven, no accountability/no fear system.

BBC News - Chevron fined for Amazon pollution by Ecuador court: "A court in Ecuador has fined US oil giant Chevron a reported $8bn (£5bn) for polluting a large part of the country's Amazon region.

The oil firm Texaco, which merged with Chevron in 2001, was accused of dumping billions of gallons of toxic materials into unlined pits and Amazon rivers.

Campaigners say crops were damaged and farm animals killed, and that local cancer rates increased."

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