Today, the Ecuadorian government is required to pay $180 million to multinational oil corporation Occidental, the final payment of a total settlement of $980 million following the widely criticized decision of an Investor State Dispute Settlement (ISDS) tribunal. Just two weeks after a major earthquake, this payment threatens to undermine Ecuador’s disaster relief efforts by financially limiting the government’s ability to rebuild severely damaged hospitals, homes and hundreds of schools.
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Saturday, April 30, 2016
Ecuador earthquake disaster relief undermined by multi-million dollar investment tribunal decision
Click here to access article by Cecilia Olivet (Transnational Institute) posted on Friends of the Earth.