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ECU115 A derrick in the Upper Amazon run by the Ecuadorian stateowned Petrocommercial. The companies that extract oil in Ecuador often sign agreements with local officials that exclude them from any responsibilty for the environment. Texaco have managed to delay court action in the US for environmental damage in Ecuador. 8 years has passed and a date for the hearing has still not been set. Ecuador coincidently left the OPEC oil trade association whilst negotiating IMF and WORLDBANK loans. Ecuador now sells oil for less than the OPEC market rate. The country receives just 15 cents on an aproximate $18 per barrel. Little compensation for the environmental disaster that oil production has caused. Multinationals like Alberta Energy (Canada) Occidental (USA) Repsol (Spain) Elf (France) reap vast profits as deals are cut with corrupt politicians and officials. © Clive Shirley ECU0101 Construction of the pipeline is delayed by protest and the pipe is capped. |
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Crude oil lies in black pools throughou the Upper Amazon. The international companies that extract oil in Ecuador often sign agreements with local officials that exclude them from any responsibilty for the environment.
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After the oil has gone. What remains? |
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Encana Energy (Canada) territory near Terapoa. |
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| © Clive Shirley / The Global Aware Cooperative | |