Indigenous women from the Amazon rainforest have called on Ecuadoran President Lenin Moreno to end oil and mining projects on their ancestral lands, as the nation pushes to open up more of its rainforest to drillers.
Their meeting late on Thursday with Moreno at the presidential palace in Quito comes after the Andean nation launched a new bidding round this month for foreign companies to develop oil and gas reserves.
Ecuador, one of the smallest OPEC producers, hopes to attract about US$800 million in investment to boost production that the government says is vital to improve its sluggish economy.
However, women from Amazon indigenous groups say oil exploration damages their livelihoods, as well as the environment and water sources on ancestral lands, and comes amid growing deforestation in unspoiled areas of the biodiverse region.
“We don’t want more oil and mining companies,” Alicia Cahuiya of the Waorani group told the president. “Oil has not brought development for the Waorani — it has only left us with oil spills and sickness.”
She also told Moreno, who was flanked by several ministers, that the government was failing to consult properly with indigenous communities about planned oil and mining projects on their lands — a right they are entitled to under law.
“The oil and mining issue does not stop worrying me, because there is a future to take care of,” Moreno said at the meeting, which was streamed live on Facebook. “What you are completely right about is the importance of dialogue consensus, dialogue decisions ... about any decisions of my government with respect to oil and mining concessions.”
The women presented Moreno with a list of demands they call the “Mandate of Amazonian Women,” which includes stopping oil, mining and logging projects, and conducting official investigations into attacks against indigenous leaders.
“I hope [the president] will take this mandate seriously,” Nina Gualinga, one of about a dozen women who took part in the meeting, told the Thomson Reuters Foundation.
Simmering tensions — including protests — between indigenous communities seeking to protect their lands and state-owned and foreign oil companies have been ongoing in Ecuador for decades.
The issue has come before the Inter-American Court of Human Rights, which in 2012 ruled in favor of Ecuador’s Sarayaku indigenous community in the Amazon.
The court said Ecuador had violated their right to prior, free and informed consultation before drillers in the late 1990s started exploration on lands where the Sarayaku people live.
“We will return to our communities and wait for a response from the government,” said Zoila Castillo, vice president of the parliament of the Confederation of Indigenous Nationalities of the Ecuadorian Amazon. “If we do not receive a response in two weeks, we will be back.”
Shares in Taiwan closed at a new high yesterday, the first trading day of the new year, as contract chipmaker Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) continued to break records amid an artificial intelligence (AI) boom, dealers said. The TAIEX closed up 386.21 points, or 1.33 percent, at 29,349.81, with turnover totaling NT$648.844 billion (US$20.65 billion). “Judging from a stronger Taiwan dollar against the US dollar, I think foreign institutional investors returned from the holidays and brought funds into the local market,” Concord Securities Co (康和證券) analyst Kerry Huang (黃志祺) said. “Foreign investors just rebuilt their positions with TSMC as their top target,
REVENUE PERFORMANCE: Cloud and network products, and electronic components saw strong increases, while smart consumer electronics and computing products fell Hon Hai Precision Industry Co (鴻海精密) yesterday posted 26.51 percent quarterly growth in revenue for last quarter to NT$2.6 trillion (US$82.44 billion), the strongest on record for the period and above expectations, but the company forecast a slight revenue dip this quarter due to seasonal factors. On an annual basis, revenue last quarter grew 22.07 percent, the company said. Analysts on average estimated about NT$2.4 trillion increase. Hon Hai, which assembles servers for Nvidia Corp and iPhones for Apple Inc, is expanding its capacity in the US, adding artificial intelligence (AI) server production in Wisconsin and Texas, where it operates established campuses. This
US President Donald Trump on Friday blocked US photonics firm HieFo Corp’s US$3 million acquisition of assets in New Jersey-based aerospace and defense specialist Emcore Corp, citing national security and China-related concerns. In an order released by the White House, Trump said HieFo was “controlled by a citizen of the People’s Republic of China” and that its 2024 acquisition of Emcore’s businesses led the US president to believe that it might “take action that threatens to impair the national security of the United States.” The order did not name the person or detail Trump’s concerns. “The Transaction is hereby prohibited,”
Garment maker Makalot Industrial Co (聚陽) yesterday reported lower-than-expected fourth-quarter revenue of NT$7.93 billion (US$251.44 million), down 9.48 percent from NT$8.76 billion a year earlier. On a quarterly basis, revenue fell 10.83 percent from NT$8.89 billion, company data showed. The figure was also lower than market expectations of NT$8.05 billion, according to data compiled by Yuanta Securities Investment and Consulting Co (元大投顧), which had projected NT$8.22 billion. Makalot’s revenue this quarter would likely increase by a mid-teens percentage as the industry is entering its high season, Yuanta said. Overall, Makalot’s revenue last year totaled NT$34.43 billion, down 3.08 percent from its record NT$35.52