This Award comes after the Tribunal’s February 2013 finding that Ecuador is in breach of its obligation to “take all measures necessary to suspend or cause to be suspended the enforcement” of the Lago Agrio judgment—an obligation that the Tribunal had imposed on Ecuador in 2011, and reinforced and expanded in 2012, but which Ecuador has continuously ignored. In prior rulings, the Tribunal put the Republic of Ecuador on notice that if Chevron’s arbitration ultimately prevails, “any loss arising from the enforcement of (the judgment) may be losses for which the (Republic) would be responsible to (Chevron) under international law.”The next arbitration hearing regarding the collusion between the Ecuadorian courts and the Lago Agrio plaintiffs and their lawyers is scheduled for January 2014. Chevron filed the international arbitration claim against the government of Ecuador on September 23, 2009, claiming violations of Ecuador’s obligations under the United States-Ecuador Bilateral Investment Treaty, investment agreements, and international law. Chevron’s subsidiary, TexPet, participated until 1992 as a minority member of a consortium that explored for and produced oil under contracts with Ecuador and Ecuador's government-owned oil company, Petroecuador. Through the arbitration, Chevron seeks to hold Ecuador accountable for the denial of justice that occurred through the Lago Agrio court’s actions during the litigation and the issuance of the fraudulent $19 billion judgment. Chevron Corporation is one of the world's leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron Corporation’s subsidiaries explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produces geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including biofuels. Chevron Corporation is based in San Ramon, California. More information about Chevron is available at www.chevron.com.