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ExxonMobil Loses Battle in Court
katsteevns
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3-23-2008 9:13 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/d673699c-3bb8-4ad2-a38f-b2732a4385c9/C295BEAB-045C-4879-877F-858B9913E788/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.democracynow.org/2008/3/19/headlines" href="http://www.democracynow.org/2008/3/19/headlines" style="font-size: 11px;">www.democracynow.org</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democracynow.org/2008/3/19/headlines">March 19, 2008</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democracynow.org/2008/3/19/headlines"><H4 id="7" class="headlines">British Court Overturns Venezuela Asset Freeze</H4></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democracynow.org/2008/3/19/headlines"><P>In Britain, the Venezuelan government has scored a victory in its legal dispute with the oil giant ExxonMobil. On Tuesday, a British court overturned a ruling freezing $12 billion in Venezuelan assets. Exxon had won the freeze as part of an attempt to recoup an investment in a nationalized Venezuelan oil project. But Venezuela says Exxon is trying to recover more than ten times what its investment was actually worth. In Caracas, Venezuela oil minister Rafael Ramirez hailed the ruling as a vindication.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.democracynow.org/2008/3/19/headlines"><P><STRONG>Venezuela oil minister Rafael Ramirez</STRONG>: “Exxon intended to manipulate and lie to that court, and the court has responded in a very serious manner and has put Exxon in its place. It is a lesson for transnational businesses—Exxon Mobil, in particular—who tried to be above the law."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/C295BEAB-045C-4879-877F-858B9913E788/blog/" title="blog or email this clip"><img src="http://content6.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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