Occidental Petroleum pays Peru indigenous confidential sum in Amazon pollution settlement

March 5, 2015 6:45 PM

3 0

LIMA, Peru – Indigenous communities that sued Occidental Petroleum over contamination in Peru's northern Amazon have reached an out-of-court settlement in which the California-based oil company will pay them an undisclosed sum.

The amount is confidential, under a settlement that was reached in 2013 in Los Angeles federal court but not announced until Thursday. The money is to fund community development projects.

Also read: Factors to watch on Nov.29

Read more

To category page

Loading...