More About Ecuador
Ecuador's Amazon rainforest contains some of the planet's most bio-diverse ecosystems and are home to thousands of indigenous peoples who have lived there for millennia. Below the surface of this fragile jungle also lay reserves of crude oil and natural gas, the ever-growing demand for which threatens the environment and the indigenous communities that inhabit it. More
Ecuador is desperate to drill because it owes China billions as part of loan deals between the two countries that have Ecuador handing over much of its oil to China through 2024. The oil price crash has also exacerbated the issue, forcing Ecuador to deliver twice or three times the amount of crude to pay off the debt. Sound like a bad deal? It is. But not for everyone.
Like ExxonMobil, Chevron rejected a host of resolutions aimed at addressing its role in climate changeMay 25, 2016Common Dreams
"This is an epic fight for justice and Chevron management is living in denial if it thinks we will ever go away until justice is served," said Paul Paz y Miño of Amazon Watch.
"Mr. Watson, stop your racism against us," said Secoya leader Humberto Piaguaje. "We are neither manipulated nor will we ever be manipulated by lawyers or anyone else, as you continually repeat. We are intelligent enough to think and act for ourselves and to seek justice."
Chevron CEO and Board Confronted for Lying To Shareholders, SEC and Public at Annual Shareholder Meeting
Watson unable to respond to fraud charges and clear ethics violationsMay 25, 2016
After six years as Chevron CEO and Chair of the Board John Watson has been unable to resolve major shareholder unrest over his leadership. In one of its strongest rebukes to date, thirty percent of Chevron shareholders representing $57.6 billion of assets under management sent a clear message to Watson and his team on the Ecuador issue: your leadership has failed.
Oil Company Management Barraged with Criticisms over Climate Change Fraud, SEC Violations, and Environmental JusticeMay 24, 2016
A coalition of local, national and international environmental and human rights rights organizations once again demand that Chevron Corp be held to account over its environmental and human rights abuses in the Amazon rainforest, at its Richmond refinery, and everywhere the corporation operates.
We don't have access to Chevron's internal communications, but if we did, this "memo" is what we imagine we might see.
Affected Peoples from Ecuador and Richmond To Confront Chevron Management at Annual Shareholder Meeting
Company management to be confronted with multiple resolutions on corporate accountability, climate change, political funding and environmental protectionMay 23, 2016
A growing coalition of communities affected by Chevron's operations and environmental organizations will announce plans to return to Chevron's Annual Shareholders Meeting to denounce the company's pattern of human rights abuses, environmental destruction, and attacks on democracy. Hundreds of thousands of signatures will be delivered to Chevron's doorstep at the Wednesday meeting demanding change in the company's policies and practices around world.
Chevron's unprecedented $11 billion pollution liability in Ecuador and its refusal to address climate change are set to dominate the company's annual meeting as CEO John Watson faces increasing pressure from his own shareholders, court rulings, and environmental groups who are accusing the company of trying to intimidate critics and evade its legacy contamination problems.
Last week, the Ecuadorian government announced that it had begun constructing the first of a planned 276 wells, ten drilling platforms, and multiple related pipelines and production facilities in the ITT oil field, known as Block 43, which overlaps Yasuní National Park in Ecuador's Amazon rainforest.
First of 200 wells drilled close to controversial block of forest known to have two of the last tribes living in isolationApril 4, 2016The Guardian
"By drilling Yasuní-ITT, the Ecuadorian government is threatening to destroy one of the most biodiverse and culturally fragile treasures on the planet for what amounts to about a week of global oil supply," said Amazon Watch's director, Leila Salazar-Lopez.