The Economist Asks

Are the fines Brazil wants to charge Chevron for its spill reasonable?

Brazil has fined Chevron $34m for a 3,000-barrel oil spill. Do you think the amount is justified?

Voting on this question is now closed.Current total votes: 385
76% voted for Yes and 24% voted for No
1337839091
Voting opened on Jan 3rd 2012 and closed on Jan 9th 2012

Readers' comments

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Freddy Nava

This question gives an inaccurate statement. Brazil wants to fine Chevron 20 billions reals, or $10.7b USD. That fine is outrageous.

umghhh

I think the fine is unreasonable (and I answered no to your poll) but not because of amount. I think amount maybe just right but the fine should be directed not towards company but its manging directors. Anything else will be passed on shareholders and considering profits of oil companies they do not care about one off fine of 35millions, why should they??? If on the other hand bosses of the company landed in jail for say 2 months or had to part with some of their property that would teach them a lesson they urgently need.

rulebyfiat

I work in the petroleum industry. I am aware that Brazil would love to have Petrobras, the state owned oil company, harvest and exploit all of it's resources. They simply do not possess the know-how and muscle to do it on their own, in the time needed by the Brazilian government. With this in mind, they will not thrash a foreign company too hard. The vessel I work on is contracted to Petrobras, working for their interests in the Gulf of Mexico. By the looks of it, they need all the help they can get.

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