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BREAKING NEWS
Cristian Espinosa was appointed Ambassador of Ecuador to the United States
Daniel Noboa receives the credentials of the new United States ambassador
40,000 women will receive scholarships in higher education
Julian Assange released from prison, after agreement with the United States
Armed Forces: Criminal gangs have lost USD 1.2 billion due to military operations in Ecuador
Minister of Defense: “It is not fair that some risk their lives, while others play with justice”
How can green banana flour enhance baked goods?
“I’m crazy for wanting to serve my country,” says Daniel Noboa at the presentation of “La Cárcel del Encuentro” in Santa Elena
Construction of the Encuentro maximum-security prison in Santa Elena begins
National blackout in Ecuador due to transmission line failure, confirms the Government

Ecuador proposes the creation of an international observatory of multinationals

Posted On 09 Sep 2014

Following the legal battles with the U.S. oil company Chevron, Ecuador’s government announced last Monday that it will propose the creation of a multistate observatory of transnational companies.

Ecuadorian Foreign Minister Ricardo Patino said the announcement will be made this Wednesday in Caracas, during a meeting with representatives of several South American, Central American and Caribbean countries, where we will “follow the discussion on how we can join our information and analysis to defend ourselves from some transnational companies.”

The meeting, which brings together countries that consider themselves affected by the multinationals, will be the second of its kind to be held after the one held last year in Guayaquil.

Ecuador has been encouraging the creation of a common defense front against multinational companies for a year, especially since the confrontation with Chevron, a company sentenced by Ecuadorian courts in 2013 to pay $ 9.5 billion for environmental damage in the Amazon.

Environmental damage in Ecuadorian Amazon.

Environmental damage in Ecuadorian Amazon.

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