Chevron's South American Nightmare

Chevron is facing some very tough times in South America and this year could be telling for the success of their continued business in the continent. The latest disaster occurred in November last year when they were responsible for a spill of more than 2,400 barrels of crude off the coast of Brazil. Although the spill was less than 0.1 percent the size of the BP deep water horizon spill in the Gulf of Mexico in 2010, Chevron is being sued more than $11 billion by its Brazilian prosecutors. It also faces an extra $121 million in fines and has had…

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