NYSE:IVAN.WS - Post by User
Post by
trader2dayon Sep 12, 2014 8:02am
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Post# 22929809
Ecuadorian oil blocks and story behind each area
Ecuadorian oil blocks and story behind each area Ecuadorian oil block map view
https://ejatlas.org/conflict/ecuadors-prior-consult-in-the-oil-blocks-20-and-29-ecuador
Outcome
| Project Status: | Stopped |
| Pathways for conflict outcome / response: | The Ecuadorian government stopped the bidding of these two blocks, but later in 2008 it granted the block 20 to another oil company without any king of consutation |
| Development of Alternatives: | The principal base organizations that opposed to this process of consultation and more generally to oil activity were developing more sustainable economic activities such as ecotourism, fair trade chocolate, and agro-forestry. |
| Do you consider this as a success?: | No |
Why? Explain briefly.:
Project Status | In 2004, local opposition with the legal support of the CDES and PUCE filed a lawsuit demanding the invalidity of the process. After years of waiting as the judicial body was dissolved when the president Lucio Gutirrez was overthrew (2005),
Started
in 2008 the government of Rafael Correa granted the block 20 to the oil company Ivanhoe without any kind of consultation. |