Chevron's lobbying campaign backfires »
Posted By ameliog 1 week, 1 day ago in Business & FinanceFacing the possibility of a $27 billion pollution judgment against it in an Ecuadorean court, Chevron launched an aggressive lobbying and public relations campaign to try to prevent the judgment as well as reverse a deeply damaging story line.
Chevron’s tactics - ranging from quietly trying to wield U.S. trade policy to compel Ecuador’s government to squelch the case, to producing a pseudo-news report casting the company as the victim of a corrupt Ecuadorean political system - were designed to win powerful allies in Congress and the Obama administration as well as to shape public opinion and calm shareholders.
But many of the company’s moves have backfired, drawing fire from environmentalists, media ethicists, state pension funds, New York’s attorney general, members of Congress and even Barack Obama when he was a senator.
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