Chevron’s Reputation as a Major Polluter Grows

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By Douglas A. McIntyre Published
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Chevron Corp.’s (NYSE: CVX) reputation as a major polluter recently has grown rapidly, and the cause is not just fines of more than $19 billion to Ecuador for environmental damage in the Amazon region. The U.S. Supreme Court blocked Chevron’s attempt to halt enforcement of the judgment. In the meantime, while Chevron has tried to promote itself as a progressive provider of new energy technologies, the list of troubles involving its facilities has grown.

Federal investigators have begun a criminal probe into whether Chevron routed hydrocarbon gases around monitoring equipment. Bay Area Air Quality Management District inspectors uncovered what Chevron was doing and ordered the bypass pipe removed. The district’s executive director, Jack Broadbent, was quoted in SF Gate: “They were routing gas through that pipe to the flare that they were not monitoring.”

In New Jersey, Chevron USA paid a $231,875 fine for air pollution violations and leaks over a four-year period at it asphalt production plant in Perth Amboy. NJ.com reported: “State Attorney General Jeffrey Chiesa and state Department of Environmental Protection Commissioner Bob Martin, said the DEP and the federal Environmental Protection Agency filed a complaint accusing Chevron of violating air quality regulations.”

Chevron has been accused of violating the rights of people in an area of Kazakhstan where it does business. At the core of the claim is that the company’s Karachaganak Oil and Gas Condensate Field causes health problems to local residents.

Nigeria’s Oil Spill Detection and Response Agency “said it wants Chevron Corp. (CVX), the world’s fourth-largest energy company, to pay a $3 billion penalty for a rig explosion that caused a 46-day fire,” according to Bloomberg.

Taken individually, these incidents might not cause broad concern about Chevron’s environmental activity. Taken together they do.

On the homepage of Chevron’s main website is this: The Power of Human Energy: Finding Newer, Cleaner Ways to Power The World.” Nice touch. Nice dodge.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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