What causes Third World countries to cut repeatedly the branch they are sitting on? Ecuador had a dynamic oil exporting sector till populist regimes expropiated all oil companies and are trying to blackmail them in a monstrous fake judicial process. Chevron has been condemned by a corrupt judge to pay 28 billion dollar damages. I dont think Chevron will pay a cent, but anyone can see that Ecuador has caused a tremendous damage to itself. No oil company is going to invest in Ecuador for the foreseeable future and their extractive operations, if any, will be based on leaving the country as soon as possible with the maximum of profits. Nothing valuable will be left in Ecuador.
I am reading the scientific basis of Ecuatorial claims and there are none. Take one paragraph:
La actividad petrolera afecta las bases de la subsistencia campesina e indígena. El 94% de la población encuestada ha sufrido pérdidas de animales. Cada familia reporta una pérdida media de 8 vacas, 5 cerdos, 2 caballos, 43 gallinas.It states that the oil extraction operations damaged local farmers: each family reports the loss of an average of 8 cows, 5 pigs, 2 horses. 43 hens. The author of the study does not even try to verify these claims that took place during the 20 years of Chevron in Ecuador. How the value of these dead cows and pigs adds up to 28 billion, that is not explained. Surprisingly, while Chevron was working in Ecuador, there were no claims against it for killing domestic animals or causing personal damages to the local population. The claims seem to have been taken from Avatar, a phantasy film.