The controversial oil trader Trafigura was today fined €1m (£840,000) for illegally exporting tonnes of hazardous waste to west Africa.The fine is symbolic, just as the one levied on Goldman Sachs is a pittance. Trafigura's fine won't help the vicims in the Ivory Coast.
A court in the Netherlands also ruled that the London-based firm had concealed the dangerous nature of the waste when it was initially unloaded from a ship in Amsterdam.
It is the first time that Trafigura has been convicted of criminal charges over the environmental scandal in which 30,000 Africans were made ill when the toxic waste was dumped in Ivory Coast.
The fine was half the amount requested by Dutch prosecutors.
Friday, July 23, 2010
Dutch court fines Trafigura €1m for exporting toxic waste to Africa