Ecuador Scrambles To Clean Up Its Oil Industry

[Disir]

There is a long history of the central government failing to invest in local infrastructure, notably hospitals and schools, and provide access to resources despite petroleum production being responsible for generating around a third of fiscal income. Escalating discontent means there is considerable potential for community blockades and protests against the oil industry if community grievances are not appropriately managed. During 2019 Quito was rocked by violent protests sparked by President Lenín Moreno’s decision to end government fuel subsidies, causing diesel and gasoline prices to almost double overnight. The protests escalated to the point where Moreno’s government was forced to flee the capital, Quito, for the safety of Guayaquil, Ecuador’s largest city. Many of the issues which caused the protests to intensify are like those afflicting communities in Ecuador’s Amazon.

Ecuador Scrambles To Clean Up Its Oil Industry | OilPrice.com

Ecuador’s petroleum-dependent economy is struggling as the country’s oil sector faces a series of environmental and social missteps resulting in protests against the industry

oilprice.com

It's a short assessment on the problems but provides no information on what can or is being done. I think they have an election coming up.

 

[Synthaholic]

Don’t they have that undesirable oil, like Venezuela?

 

[Kilroy2]

It does boggle the mind that any government that has such a marketable commodity would not share the wealth to people who vote. Unless you have a monarchy and then it doesn't matter.

 

[Toddsterpatriot]

It does boggle the mind that any government that has such a marketable commodity would not share the wealth to people who vote. Unless you have a monarchy and then it doesn't matter.

It does boggle the mind that any government that has such a marketable commodity would not share the wealth to people who vote.

Ummmm........

During 2019 Quito was rocked by violent protests sparked by President Lenín Moreno’s decision to end government fuel subsidies, causing diesel and gasoline prices to almost double overnight.

Sounds like they were.......