ENODO Global | Blog
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Blog

 

The contents of this blog highlight geopolitical, ethno-religious, and socio-cultural issues from around the world. Contributions are made by ENODO Global, Inc. and its strategic partners.

What started as a class action lawsuit between a community in Ecuador and gas giant Chevron has turned into a 21-year international court battle, which shows no signs of stopping soon.  In December, a New York judge ordered Chevron to pay a $9 billion settlement for ecological damages in Ecuador; in March, another judge rescinded the decision. Texaco operated in the Amazon beginning in the mid-1960s until 1992.  During that time, Texaco was reported to have caused severe environmental damage.  After the first legal motions were...

Executives have a responsibility to maximize shareholder value. In today’s operating environment, communities have the ability to decrease corporate profits through litigation, agitation, protests and violence. A 2009 Harvard study, The Costs of Conflict with Local Communities in the Extractive Industry, identified these costs and their cascading effects across industries and sectors. Increased costs are generally attributable to three main areas: lost productivity from work delays, diversion of management time to deal with conflicts, and the suspension or abandonment of projects. Lost Productivity: The Harvard study...