Amazon Watch the trial court judgment in a 222-page decision that documented the extensive and life-threatening levels of oil pollution at dozens of former Chevron well sites in the jungle. In all, eight appellate judges in Ecuador reviewed the evidence against Chevron and affirmed the judgment as well as dismissing Chevron's allegation of fraud. When Chevron refused to comply with the $9.5 billion judgment against it for contamination in the Lago Agrio oil field, the plaintiffs' lead attorney, Steven R. Donziger, attempted to collect the judgment in Brazil, Argentina, and Canada. Chevron then filed suit in the United States, and relying on
Economic history of Ecuador To help make up for the oil revenue shortfall, a consortium of international banks loaned Ecuador an additional US$220 million, bringing public-sector external debt at the end of 1987 to about US$9.6 billion, one of the world's highest on a per-capita basis. (Ecuador's GDP for 1987 was US$10.6 billion.) During Febres Cordero's last two years in office, his economic team concentrated on implementing monetary reforms, renegotiating the external debt, and encouraging foreign investment. Its efforts were only partially successful. The government failed to hold wages down, and, despite efforts to curtail government spending, public-sector expenditures increased dramatically in 1987 and