Chevron Targeted a Second Time by Brazil Prosecutors Seeking Ban
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Brazilian prosecutors are seeking for a second time to ban Chevron Corp. and Transocean Ltd. from operating in the country after a 3,000-barrel oil spill.
The two companies must be suspended from operating until they stop environmental damage from the November leak off the coast of Rio de Janeiro, Prosecutor Gisele Porto said in a March 26 appeal filing obtained by Bloomberg News. The two companies should be fined 500 million reais ($273 million) a day if they don’t comply with the suspension, according to Porto.