LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

October 7, 2022

Why Are Oil Firms and Communities at Odds in Ecuador?

The Ecuadorean government and Indigenous leaders last month agreed to temporarily halt development of several oil blocks. The deal followed anti-government protests earlier this year. // File Photo: Conaie.

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Ramiro Crespo, president of Analytica Securities in Quito: “Demands by Indigenous communities that led to the moratorium and ruling in favor of the referendum reflect the long-running opposition to an industry that is both Ecuador’s economic lifeblood and a threat to fragile rain forests. The agreements pose only a limited risk to production targets as many of the blocks are nowhere near extracting oil, and realistic oil reserves there are unknown. The outlook for the referendum is still unclear. The idea to ban oil production in the eastern area of the Yasuní National Park known as ITT won hundreds of thousands of supporters in 2014, but the signature collectors have…”

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ABOUT THE Energy ADVISOR

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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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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