Brazil: Maximum Fine After Silence on Chevron’s Oil Spill
On 7 November, the Frade field oil platform, operated by the American drilling company Chevron-Texaco, began leaking crude oil. It is located in Bacia de Campos, 350km North from Rio de Janeiro. Last Monday, 21 November, Chevron was fined the maximum amount allowed by IBAMA (Brazilian Institute of Environment and Renewable Natural Resources), $R50 million (approximately $28 million USD).
Though the oil spill is now believed to have been brought under control, further explanations from Chevron are expected in the next few days. (...)
