Ecuador plaintiffs seek Chevron payment worldwide (AP)

QUITO, Ecuador ? Ecuadorean plaintiffs who won a court judgment against U.S. energy giant Chevron say they'll seek to collect as much as $18 billion through courts around the world, including by confiscating the company's assets and freezing its international accounts.

An Ecuadorean court on Tuesday ratified a 2011 judgment penalizing San Ramon, Calif.-based Chevron for environmental damage allegedly caused since the 1960s. The company has denounced the ruling in a statement as "unenforceable in any court that observes the rule of law."

Chevron has also said it will seek legal recourse in courts outside of Ecuador.

Plaintiffs' attorney Pablo Fajardo said in a news conference Wednesday that his clients wouldn't "pardon a single cent from Chevron in this battle."

Source: http://us.rd.yahoo.com/dailynews/rss/environment/*http%3A//news.yahoo.com/s/ap/20120104/ap_on_bi_ge/lt_ecuador_chevron

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