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Non-Tech : The Brazil Board

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From: Spekulatius	12/14/2011 2:39:25 PM
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Chevron Asked to Suspend Activity in Brazil By Peter Millard - Dec 14, 2011 10:56 AM PT Brazil’s federal prosecutor’s office has asked Chevron Corp. (CVX) to suspend all activity in the country and pay 20 billion reais ($10.7 billion) in damages after an oil spill last month, the prosecutor’s office said in an e-mailed statement. To contact the editor responsible for this story: Peter Millard at pmillard1@bloomberg.net This was for a very small spill. I wonder what is going to happen if PBR has a real accident, my guess is that they will be 100% owned by the government in that case via nationalization.

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