Last year, Ecuador won a major battle with Chevron in which the company was ordered to pay $18.2 billion after it polluted Amazonian rivers with 16 billion gallons of oil sludge from 1964-1990. The Ecuadorian court found that Chevron had dumped toxic waste into Amazon waterways used by indigenous groups for drinking water and caused massive harm to the rainforest. Chevron is still fighting the ruling, claiming it was a victim of conspiracy and a U.S. court recently backed the oil giant’s request to subpoena vast amounts of activists’ internet data. “Ecuador owed China more than £4.6bn ($7bn) as of last summer, more than a tenth of its GDP. China began loaning billions of dollars to Ecuador in 2009 in exchange for oil shipments. More recently China helped fund two of its biggest hydroelectric infrastructure projects. * Ecuador may soon build a $12.5bn oil refinery with Chinese financing.” *Also PetroEcuador planning to ruin the Rainforest and the Indigenous people who reside there.
Posted on: Sat, 24 Aug 2013 12:12:53 +0000
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