Happy 2010! I hope it's a better year for you than for Texaco (or its owners, Chevron). Texaco's on tenterhooks waiting to hear if it'll have to shell out (no pun intended) up to $27billion in damages in the biggest environmental lawsuit in history. Texaco is charged with polluting northeastern Ecuador for 23 years through 'reckless' oil exploration and toxic oil waste. This hasn't extinguished Texaco/Chevron's passion for exploration: they've announced a $21.6 billion capital and exploratory spending programme for 2010. Perhaps a good New Year's resolution is to check your investment portfolio and excise Exxon and similar.

 

If any of you suspect this was just a sneaky ploy to share a Rickie Lee Jones video, I'd prefer you think of it as a late Christmas present or a goodwill gesture for the new decade....