Eduardo's Feed
May 6, 2012

Colombian guerrillas say French journalist is prisoner of war

BOGOTA, May 6 (Reuters) – Colombia’s drug-funded FARC rebel
group on Sunday confirmed it is holding a French journalist and
said minor injuries he sustained when he was captured are not
life threatening.

Romeo Langlois, a freelance reporter for news channel France
24, went missing last week after being caught in crossfire
between the Revolutionary Armed Forces of Colombia and
government troops carrying out an anti-drug raid in Caqueta, a
jungle region in the South.

Apr 30, 2012

Colombia holds rate as inflation concerns ease

BOGOTA, April 30 (Reuters) – Colombia’s central bank held
borrowing costs steady for a second straight month on Monday, a
sign policy makers feel a year-long cycle of hikes in the
benchmark interest rate has helped ease inflation even as
consumer credit remains strong.

After almost six hours of discussion, the seven-member board
decided unanimously to keep the lending rate at 5.25 percent,
meeting the forecasts of all 30 analysts surveyed in a Reuters
poll.

Apr 13, 2012

48 hours in Quito, Ecuador

QUITO (Reuters) – Peppered with parks and crafts markets, Quito’s status as a UNESCO world heritage site and its sweeping Andean panoramas have made this highland city an up-and-coming tourist destination.

The main attractions of Quito, which caters for all tastes, are its colonial centre, magnificent churches, cobblestone streets and quaint squares.

Apr 13, 2012

Travel Postcard: 48 hours in Quito, Ecuador

QUITO, April 13 (Reuters) – Peppered with parks and crafts
markets, Quito’s status as a UNESCO world heritage site and its
sweeping Andean panoramas have made this highland city an
up-and-coming tourist destination.

The main attractions of Quito, which caters for all tastes,
are its colonial center, magnificent churches, cobblestone
streets and quaint squares.

Mar 22, 2012

Ecuador’s Correa won’t let protests block mining deals

QUITO, March 21 (Reuters) – Ecuador’s President Rafael
Correa insisted on Thursday he will push ahead with plans to
develop large-scale mining, seeking to ride out the arrival in
Quito of ind igenous de monstrators who fear their lands will be
wrecked.

Indigenous protesters have been marching for weeks to reach
the capital, where thousands took over streets waving flags and
shouting slogans. Some had their faces painted black and held
wooden spears, while others wore the colorful ponchos typical of
the Andean highlands.

Mar 21, 2012

Indian protesters target Ecuador mining plans

QUITO, March 21 (Reuters) – An anti-mining indigenous march
neared Ecuador’s capital Quito on Wednesday, underlining the
threat protests could pose to President Rafael Correa’s plans to
develop large-scale mining with foreign investors.

Organizers say thousands of protesters have joined the march
on-and-off – some wearing feathered headpieces, others carrying
wooden spears – since it began from the Amazon region two weeks.

Mar 9, 2012

Chevron hopes to benefit from Ecuador’s judge dismissal

QUITO, March 9 (Reuters) – Oil company Chevron
on Friday said it hopes the dismissal of the Ecuadorean judge
who issued an $18 billion ruling against the U.S. firm for
polluting the Amazon will dissuade foreign courts from enforcing
the sentence.

Two Ecuadorean judges involved in levying one of the largest
verdicts ever for environmental damages worldwide were
sanctioned over an unrelated drug case, but Chevron hopes their
removal from the bench will help them win legal battles against
the fine in both Ecuador and the United States.

Mar 6, 2012

Ecuador signs first large-scale mining contract

QUITO, March 5 (Reuters) – Ecuador’s President Rafael
Correa on Tuesday signed the country’s first ever large-scale
mining contract, which calls for Chinese-owned Ecuacorriente to
invest $1.4 billion in the El Mirador copper project.

Ecuador has no mining industry to speak of and Correa, a
U.S. trained economist, is eager to attract investment to tap
the country’s big copper, gold and silver deposits and diversify
the economy from its dependency on oil exports.

Mar 2, 2012

Ecuador plaintiffs eye Chevron assets in Venezuela, Panama

QUITO, March 2 (Reuters) – The legal team representing
Ecuadorean plaintiffs who won an $18 billion landmark case
against oil giant Chevron for polluting the Amazon
jungle will target the company’s assets in Panama and Venezuela
in a bid to collect the award.

Pablo Fajardo, the plaintiffs lead lawyer, told Reuters
on Friday that they would first need countries
outside Ecuador to recognize the validity of the sentence, and
then could try to enforce the ruling there.

Feb 28, 2012

Arbitrators say they can hear Chevron-Ecuador case

Feb 28 (Reuters) – An international tribunal has found
that it has jurisdiction to decide if Ecuador violated a treaty
with the United States requiring it to guarantee a fair trial to
Chevron Corp in an environmental lawsuit that ended in
an $18 billion judgment against the oil company.

A Tuesday posting on Chevron’s website that was attributed
to the tribunal read: “The tribunal declares that it has
jurisdiction to proceed to the merits phase of these arbitration
proceedings.”

    • About Eduardo

      "Eduardo has been reporting from Ecuador since November 2011. He has written about the Andean country's oil industry, tensions between the government of President Rafael Correa and the media, and efforts by Ecuadorean plaintiffs to enforce an $18 billion ruling against U.S. oil company Chevron for polluting the Amazon. He was previously posted in Argentina where he covered the country's grains industry and in Bolivia where he wrote about President Evo Morales' efforts to give the majority Indian population more political power. Eduardo is a Spaniard who has also lived and reported in Guatemala and Britain."
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