“Chevron Corp. (CVX) and Transocean Ltd. (RIG) are being sued for another 20 billion reais ($11 billion) by a Brazilian federal prosecutor in a new lawsuit over a second oil spill at the Frade field off the nation’s coast.
Chevron committed “a series of errors” that led to the March spill at the project, the federal prosecutor’s office said in an e-mailed statement yesterday. Prosecutor Eduardo Santos de Oliveira is also seeking to halt operations at Frade and block Chevron from transferring profitsfrom Brazil, according to the statement.
“The oil spill at the Frade field hasn’t been contained,” Oliveira said in the statement. “The damages to the environment and to Brazil’s natural resources are incalculable at this point,” he added….”
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