LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

May 20, 2022

Will Ecuador’s Oil Industry Continue to Draw Protests?

In June, protests in Ecuador led by Indigenous groups culminated after two weeks when the Ecuadorean government agreed to a number of demands, including a decrease in the price of fuel. // File Photo: El Blog de Jota via Wikimedia Commons.

Q

A

Jose L. Valera, partner at Mayer Brown LLP: “The oil sector was a key flashpoint in the protests because the government had targeted a doubling of the country’s production and a series of reforms to incentivize the private sector to invest in exploration and infrastructure. More than 80 percent of Ecuador’s oil production comes from its Amazon region, and Indigenous organizations viewed this as an affront to their rights of prior consultation. They are opposed to more oil, and minerals generally, being extracted from that…”

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A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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