Ecuadoreans ask court to seize Chevron Canada assets

Thu Nov 29, 2012 5:59pm EST
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* Villagers want Ecuador ruling enforced in Canada

* Chevron says Canada court does not have jurisdiction

* Company disputes $19 bln judgment against it

By Julie Gordon

TORONTO, Nov 29 (Reuters) - Lawyers for Chevron Corp asked an Ontario judge on Thursday to toss out a bid by Amazon villagers to seize its Canadian assets to help pay a $19 billion award granted by an Ecuadorean court in decades-old pollution case.

The hearing marks the first time the plaintiffs, 47 Amazon villagers, have sought to persuade a foreign court to collect damages awarded to them for environmental contamination in the South American country dating back to the 1960s. Chevron Canada's assets are worth more than $12 billion, the plaintiffs say.

Chevron, the No. 2 U.S. oil company, has steadfastly refused to pay the award, saying the February 2011 ruling by the Ecuadorean court was influenced by fraud and bribery.

At the hearing in Toronto, lawyers told an Ontario provincial court that the Canadian subsidiary - rather than the California-based parent - owns all of Chevron's assets in Canada. The company also argued that there is no tangible connection between Chevron Canada and the Ecuadorean villagers.

"There is simply no suggestion, let alone evidence, that Chevron Canada ... had anything to do with what did or did not happen in Ecuador," said Clarke Hunter, lawyer for the company.   Continued...