MercoPress. South Atlantic News Agency
Ecuador/Chevron dispute enters a new chapter: Correa calls for Latam support
President Rafael Correa said he expects the regional groupings Alba and Unasur to meet urgently and address the “legal aberration” committed by a UN trade law arbitrage tribunal against Ecuador in a case involving US multinational Chevron and decades of environmental damages. Read full article
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Feb 26th, 2013 - 11:09 am - Link - Report abuse 0They are all the same, All South American Nations are persecuted by the rest of the world.
The South American Nations are never to blame for their own mistakes and mismanagement.
Does anyone else sense his delussional paranoia? It is thinking like his that is destroying Ecuador, not a PR campaign. The thinking down south seems to be, with regard to the UN, we a ruling benefits us...the UN is the world authority, when it contradicts our backward, Bolivian thinking......WTF!
Feb 26th, 2013 - 11:23 am - Link - Report abuse 0You can't have it both ways. Pull the other SA countries into your vortex and watch the FDI move in one particular direction......down.
Take responsibility for you past agreements and read the contracts in the future. Either you guys can't read English or are too stupid to negotiate a contract......which is it?
Ecuador needs to understand that it cannot use Chevron like and ATM machine in he same way that the USA uses BP, because Chevron is an 'American Company'.
Feb 26th, 2013 - 11:32 am - Link - Report abuse 0Correa´s lunatic speech in all its glory. South America is doom with these populist leaders.
Feb 26th, 2013 - 11:37 am - Link - Report abuse 0Sit back and watch these mad men implode and take the poor bastards that are their people with them.
Feb 26th, 2013 - 12:20 pm - Link - Report abuse 0#3 you are correct, I would rather criminal charges on BP execs than use them as an ATM
Feb 26th, 2013 - 12:34 pm - Link - Report abuse 0“We Latinamerica peoples must rebel against these injustices and need urgent meetings of the Bolivarian Alliance for our peoples of the Americas and the Union of South American Nations”
Feb 26th, 2013 - 03:03 pm - Link - Report abuse 0Oh lordy!
Why is it the competent countries (like Chile) are able to manage foreign investment to increase our wealth, yet others continually f**k it up. They take the investment, they don't regulate it properly, their own corrupt society allows no end of damage to be done, then they turn around and rant about colonialism.
The problem is the corruption in your own backyard! If you put half the effort in to combating corruption that you do ranting about economic colonialism, you would make progress rather than just noise.
Chiles problem is that Chile is not anti Europe and anti--USA for the simple reason that they managed and provided regulatory oversight of DFI. Any corporation from anywhere in the world needs regulatory oversight. The failure of the South American countries that are anti everything that is not South American are in the position they are in because they fail to regulate. Now they are moving to the over extreme. The only outcome for these countries with the us against them policies will be absolute and miserable failure as we are seeing take root and grow. Even Brazil is burning the bridges they've crossed.
Feb 26th, 2013 - 03:31 pm - Link - Report abuse 0Chile is 'good' and 'sensible' south america. That is why it's less poor.
Feb 26th, 2013 - 03:38 pm - Link - Report abuse 0It looks as though Hugo's speech writer managed to find a new poisiton after being layed off through lack of work. Correa sounds like a Venezualian parrot, someone throw him a cracker! a nice dry one.
Feb 26th, 2013 - 03:51 pm - Link - Report abuse 0“the international arbitration tribunals always rule benefiting the multi-national corporations”
Feb 26th, 2013 - 03:56 pm - Link - Report abuse 0”that is why in the interest of Ecuador and Latinamerica I have been fighting for our own arbitrage mechanisms”
So you can always rule in your favor.
3 Couldn't agree with you more.
Feb 26th, 2013 - 04:12 pm - Link - Report abuse 0If Chevron did in fact pollute the Amazon they should be made to pay on exactly the same scale as BP.
@10 lol
Feb 26th, 2013 - 04:25 pm - Link - Report abuse 0@12 there is paying proportionally and then there is partisan mugging. At one end you have union carbide whose failures killed thousands and have paid pennies at the other end there is BP whose failure killed 11 and have paid $40 billion to date with potential exposure to 10s of billions more....hummm.
@13 Union Carbide (now Dow Chemicals) is an 'American Company' therefore not an ATM to people like those whose families all got killed. The US government additionally flew the UC management out of India using military helicopters in order to ensure that they never faced trial for the manslaughter of thousands too. However BP NOT being an 'American Company' can be plundered for billions, just any non-US banks.
Feb 26th, 2013 - 04:35 pm - Link - Report abuse 0Those are the rules, and Ecuador should understand them.
#14 sip some tea before you grow into a bigger idiot.
Feb 26th, 2013 - 05:04 pm - Link - Report abuse 0Apparently according top you, BP has no responsible for the damage they commited in the Gulf of Mexico. You sound like a “they are picking on me” RG. 1984 Bhopal is about as relavent to today as.....nothing! If you think the USA firms don't get fines....you are either ignorant, stupid, a moron or all three and I choose the later.
BP mgt is criminally negligent and culpable for man slaughter muder and should be brought to criminal justice. However that was diplomatically. BP can always drill somewhere else.
What is that word you call yourselves?....oh ..yes wankers
#12 let's face reality that Texaco was the caustive firm, Ecuador had a treaty they ignored and pulled out. Don't sign treaties that you have no intent to fulfill. With the exception of one of two countries, South American countries do not honor treaties, contracts, debts and argeenments with private business. SA is hardly a mm step above Africa as a developed continent.
@15 I think you're confusing a discussion about inconsistency with a discussion about paranoia.
Feb 26th, 2013 - 06:08 pm - Link - Report abuse 0My comments were clearly outlining the difference in actions and perceptions by US americans regarding a environmentally damaging US company and what they perceive to be a non-US company. In actuality BP is a multinational company.
Your reaction just outlined precisely what I was saying. To you Bhopal is irrelevant (deaths of thousands of indians), but the BP issue is criminal (deaths of a few americans).
Apparently indian lives are worthless.
@14,16
Feb 26th, 2013 - 06:50 pm - Link - Report abuse 0Well said Shed.
This man is a fool. This is his first step in is efforts to replace Hugo Chávez as the chief clown in Latin America.
Feb 26th, 2013 - 07:01 pm - Link - Report abuse 0@ 15 Captain Poppy
Feb 26th, 2013 - 07:33 pm - Link - Report abuse 0No one is saying BP did not have responsibility and culpability here, however it’s fucking amazing how Haliburton, an American company, who did the work that failed, and supplied the equipment that failed (the BOP, the one piece of kit on a rig that must never fail), walk away Scott free!!!!
Nothing to do with being owned by Dick Chainey then.
I think you will find BP are drilling elsewhere these days, not that it will make any difference to the US.
Also amazing how at the time BP, which has been the company name for 30 years +, suddenly became British Petroleum again in Obama’ comments. Was the company still known as that in the US then?????
There is a big difference between being kept to your obligation and responsibilities, and what is it you call it, oh yes “a shakedown”.
#16 the actions of the US governement in 1984 are the actions of th Reagan administration. They play no role whatsoever in what we control today. Don't alter my context to suite your anti-AMerican rhetoric. History can't be changed, but the present and future can be changed. Don't go saying I think Bhopal is irrelevant. Yopu ascertions like that change you from idiot to asshole, because I don;t believe that and never stated that. Hell you making an unsubstantiated statement of my philosphy on corporate responsibility and you do not even know what mine poosition is, thus making you an asshole. SO stop spewing your feces of the mouth.
Feb 26th, 2013 - 07:37 pm - Link - Report abuse 0In @15 you said “1984 Bhopal is about as relavent to today as.....nothing!”
Feb 26th, 2013 - 07:47 pm - Link - Report abuse 0then in @20 you said “Don't go saying I think Bhopal is irrelevant....because I don;t believe that and never stated that.”
Urm... so which is it then?
@19 Yeh, and Haliburton then went on to do the same thing in the Timor Sea which literally pyssed oil the australian and indonesian coasts. Did they have to sign a $30billion cheque for that one either?
@poppy
Feb 26th, 2013 - 08:26 pm - Link - Report abuse 0You must be aware that the people posting on this thread are not anti-US trolls.
The precedent for paying out compensation for industrial negligence in the US goes back to at least 1928 in the case of the “Radium Girls”. So in 1984 the legal precedent existed. The administration at the time should have no baring on the law. It is a disgrace that union carbide's failings caused the death of thousands of people and they walked away.
The size of the payout by BP is unprecedented and totally disproportionate. $40 billion and rising. Sure they can drill elsewhere, but that kind of money can break even an oil company.
There is a double standard here.
@18
Feb 26th, 2013 - 08:36 pm - Link - Report abuse 0“This is his first step in his efforts to replace Hugo Chávez as the chief clown in Latin America.”
Hugo II.
President Rafael Correa
Feb 26th, 2013 - 08:36 pm - Link - Report abuse 0He gets his fingers caught in the cookie jar of corruption,
And expects ali barber and the 40 thieves to bail him out,
Does south America now thinks it can do what it wants , when it wants , and then refuse any liability , responsibility , or compensation to others,
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he has been sitting next to CFK for far to long lol.
@24 Someone should replace his eyes with dollar signs, it would make the story so much more understandable.
Feb 26th, 2013 - 09:16 pm - Link - Report abuse 0You think his vacation house needs an upgrade?
#22 lobby the US ....Obama is an anti oil president....littler I can do about that. Personally I am not in faveor of fining business with way they currently do. My preference is to hold businesses criminally culpable if there is a threat of evidence that can lead to caluculated negligence. That includes America incorporated businesses as well including Union Carbide. I am not anti business but I have been through enough of the Enron's and Worldcom and Tyco's and all of them and I want to see criminally minded executives doing serious time. Miliken did his time behind bars and so shoulkd the other greedy bastards.
Feb 26th, 2013 - 09:27 pm - Link - Report abuse 0Q: Do we in the U.S. ever bitch about multinationals making us their “colonies”?
Feb 26th, 2013 - 09:31 pm - Link - Report abuse 0The colonies in North and Lat.Am were started at the same time..
President Rafael Correa is loved by his people and there's nothing anyone can do about it, even when he ultimately ruins his countries economy they will still rally in his support. That's how it goes here in Latin America socialism flows through the veins of the majority of Latinos, they believe the “imperialist multi nationals” are nothing but thieves intent on looting their resources, it's almost like a cult. They do not see that they are companies making risky investments who provide employment, wealth creation, training, infrastructure, expertise that drives the economy creating more growth in many other areas of the economy and that they deserve a fair return on this investment and also that they should be allowed to take their money out if they want. That's why most countries are where they are today and why getting out of “middle income” will be impossible for most.
Feb 26th, 2013 - 09:51 pm - Link - Report abuse 0It is understandable why they love him.....he gives to the poor. But the poor, poor anywhere would be better off with education a good job and self sufficiency and independence.
Feb 26th, 2013 - 10:08 pm - Link - Report abuse 0@29 Sure, it's the 'populist' political strategy anywhere in the world. You basically need to have to have a large number of poor people that you give something small, just enough to keep them poor but voting for you.
Feb 26th, 2013 - 10:38 pm - Link - Report abuse 0Getting them to spend huge sums supporting sports like poorball and watch tv all day does the job of taking away any excess income and motivation they may have for educating themselves or self-betterment.
They stay poor, and voting for the populist.
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Feb 26th, 2013 - 11:39 pm - Link - Report abuse 0https://www.facebook.com/Britain1592
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25 Shed-time
Feb 27th, 2013 - 12:45 am - Link - Report abuse 0Very good
The man loves money.
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Dear President President Rafael Correa,
Feb 27th, 2013 - 06:04 pm - Link - Report abuse 0Please rid your country of all foreigners. Obviously they must be the source of all your problems. And just think,.. you won't have to bitch about them any more or the rest of the world! I am so sick of the little catch-words like: bolivarianism, imperialism, colonists, capitalists,..blah, ba, blah, ba, blah.
Dear Annoited one Presidente Correa,
Feb 27th, 2013 - 09:09 pm - Link - Report abuse 0Please work harder to rid ecuador of direct foreign investment dollars, there are a few dollars left. With a little more work, your fiefdom will be complete as all your serfs love you.
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