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Unformatted text preview: and royalties to Ecuador’s government between 1972‐92. Ecuador begins operating state‐owned oil companies in 1972 with CEPE which is succeeded by Petroecuador in 1989. 60% partner (but not operator) of oil ﬁelds with Texaco. After Texaco “clean‐up” the remaining 60% of pits still are not remediated. Many toxic pits were continually used after Texaco leaves Ecuador. Signed an agreement in 1992 releasing Texaco of responsibility upon the completion of clean‐up. Reports of as many as 800 spills and accidents by Petroecuador since 1990. http://www.cbsnews.com/video/watch/?id=4988079n 30,000 people joined together to ﬁl...
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This document was uploaded on 02/16/2014 for the course 374 175 at Rutgers.
- Fall '12