Indigenous Leaders Warn Investors Against Amazon Oil and Mining Plans in Ecuador
Indigenous leaders in Ecuador are actively warning multinational companies and investors against participating in new oil extraction plans in the Amazon rainforest. The Ecuadorian government recently announced a tender for remote Amazon oil blocks, despite previous failures to meet exploration timetables and a joint declaration from Ecuador's seven Indigenous nations rejecting oil-licensing programs. The proposed plans involve 14 Ronda Suroriente blocks and four Ronda Subandina blocks, covering approximately three million hectares, much of which is remote, roadless rainforest. These areas overlap with the ancestral territories of the Kichwa, Shuar, Achuar, Waorani, Shiwiar, Sápara, and Andwa tribes. Indigenous organizations have historically opposed oil extraction in these territories for decades, citing high development costs, uncertain returns, and significant legal, operational, and environmental risks. Environmentalists suggest that new drilling and infrastructure will exacerbate deforestation, increas...