The U.S. Supreme Court has rejected an appeal brought by the Ecuadorian government over a multi-million arbitration award granted to Chevron.
According to Reuters, the court declined on Monday to hear a challenge to a 2015 U.S. Court of Appeals ruling that upheld a $96 million award granted to Chevron by the Hague’s Permanent Court of Arbitration.
The award was initially granted by the Hague in 2011 and is now worth about $106 million.
The dispute centers around a 1973 deal reached between Texaco Petroleum and the Ecuadorian government.
That deal called for Texaco to develop oil fields in the country and sell crude back to the government at below-market prices.
Chevron acquired Texaco in 2000 and initiated arbitration proceedings at the Hague in 2006.
A Chevron spokesperson told Reuters that the company is pleased that Ecuador “will be held accountable.”
The Supreme Court decision is not related to a separate legal dispute between Chevron and Ecuador tied to a contentious pollution case.
That case stretches back to the early 1960s when Texaco allegeldy spilled millions of gallons of toxic wastewater in the Amazon rain forest while operating in Ecuador.
In 2011, an Ecuadorian court ruled against Chevron and awarded a group of villagers represented by American attorney Steve Donziger an $18 billion judgement, although the award was later reduced to $9.5 billion.
The judgment was overturned by a U.S. federal judge in 2014 after the court found that Donziger violated the federal Racketeer Influenced and Corrupt Organizations Act (RICO) and had engineered a scheme to coerce court officials and others involved in the case.
Dozinger has denied any wrongdoing and is currently appealing the decision.