Chevron's Views
And Opinions On
The Ecuador Lawsuit.

Ecuador Political News

Read the latest political news out of Ecuador including new and ongoing issues, the political system, and the president of Ecuador Rafael Correa.

August 21, 2017

Ecuador’s Former and Current Presidents Continue to Trade Insults over Legacy – PanAm Post

Fighting continues between the former President of Ecuador Rafael Correa and current President Lenin Moreno, his former Vice President — this time about whether younger generations in the country should trust Moreno’s leadership. Read more>>

August 21, 2017

Ecuador prosecutor to present corruption case against vice president – Reuters

Ecuador’s top prosecutor said on Monday he would present evidence of corruption against the country’s embattled vice president, who was stripped of his duties by a presidential decree that stopped short of firing him earlier this month. Read more>>

August 10, 2017

Lenin Moreno apologized for the public policies of the administration of Rafael Correa – Ecuador Times

President Lenin Moreno apologized Wednesday for some public policies that were implemented in the last decade during the government of former President Rafael Correa in the education and health fields. Read more>>

August 8, 2017

Ecuador’s President Announces Austerity Measures Amid Dire Economic Conditions – Sputnik News

Ecuadorian President Lenin Moreno announced the introduction of a number of austerity measures, and even the cancellation of high-level purchases in an effort to alleviate the critical economic situation in the country, local media reported Tuesday. Read more>>

August 4, 2017

Ecuador’s Moreno Faces Ruling Party Split – Bloomberg Politics

Ecuadorian President Lenin Moreno’s bid to chart his own path following Rafael Correa’s decade in power gained traction Thursday as he stripped his vice president and Correa-loyalist, Jorge Glas, of his duties a day after Glas accused him of betraying the ruling party. In an executive decree, Moreno said Glas had “failed to duly understand” that loyalty and commitment to the administration included “serving the fatherland by unifying efforts.” Read more>>

August 3, 2017

The total breakdown in the Moreno-Glas relationship – Ecuador Times

Tensions peaked. The relationship between President Lenin Moreno and Vice President Jorge Glas was injured yesterday after the latter issued a statement in which he accused the president of generating the conditions for “institutionalized corruption.” The letter appeared minutes after Moreno said during a meeting with the Consortium of Decentralized Governments of Ecuador (Congope) that he will not give his opinion either for or against a high official of his cabinet who is being subjected to severe accusations from various sectors of the opposition. Read more>>

August 2, 2017

O’Globo publishes audio that allegedly reveals that Carlos Pólit received cash from Odebrecht – Ecuador Times

Tuesday the Brazilian newspaper O’Globo published an audio recording of a conversation between former Comptroller General Carlos Pólit Faggioni and Odebrecht’s top executive José Conceição dos Santos Filho. In the publication, O’Globo indicates that exactly one year ago Conceição dos Santos, Odebrecht’s director in Ecuador since 1994, was one of about 15 international executives of the company who silently prepared to inform. In the one minute and 24 seconds recording published today by the Brazilian newspaper, the alleged voices of Conceição dos Santos and Pólit refer to the money received by the then Comptroller, and – as indicated – always asked for cash. Read more>>
August 1, 2017

The process of the law against corruption stagnates – Ecuador Times

The major surgery on corruption does not take off. The Legislature adopted a resolution in June to reach that aim, but so far, it has not complied with its promise. Homero Castañer, CREO Legislator, believes that the results of major surgery to corruption are zero. In Ecuador, “corruption is concealed, and bribes considered private agreements,” he regretted. Read more>>

July 28, 2017

The opposition points to Attorney General to ‘judge’ Jorge Glas – Ecuador Times

More than a new trial of a political trial against vice president Jorge Glas, the political opposition of the country “points” to Attorney General Carlos Baca, as they propose he should be work in the investigation. Mae Montaño (CREO Party) said there is no political decision in the Legislature to call Glas on trial. “I no longer bet on a political trial (…), it is more important to appoint the Attorney General, he has all the evidence to call the vice president to trial…” Read more>>
July 27, 2017

The exodus of Venezuelans fleeing to Ecuador or Colombia – Ecuador Times

“The only way out is to emigrate,” says a Venezuelan who yesterday crossed the border with Cúcuta to go to Colombia, fleeing from his native Venezuela. The country is sunk in an even more uncertain future by the controversial politics, whose rejection triggered the levels of violence and protests that reach more than a hundred deaths since 1 April. Read more>>

July 26, 2017

Lasso says that Moreno has five million reasons to demand the resignation of Glas – Ecuador Times

Former presidential hopeful Guillermo Lasso has tweeted Monday night that President Lenin Moreno has “five million new reasons to require the resignation of his vice president.” And he adds that if he does not do it, “history will not absolve him.” Lasso made this statement after the Televistazo newscast revealed that businessman Tomislav Topic, owner of the Telconet company, last week confessed to the Public Prosecutor’s Office he paid five million dollars in commissions to Ricardo Rivera, uncle of Vice President Jorge Glas, for his help in closing deals with Odebrecht and Chinese companies. Read more>>

July 25, 2017

Ecuador’s Defection From The OPEC Deal Doesn’t Matter –

Earlier this week, Ecuador’s Oil Minister Carlos Perez announced that the country would no longer abide by its commitment to the Vienna Accord. That’s the OPEC-Russia deal to cut oil production and boost prices. Now, pundits have been quick to misinterpret that as the first splintering of OPEC on its oil price regimen. Actually, it may indicate far less than meets the eye. Now, the Vienna Accord took effect in January. Despite some questions about the equation between production on the one hand and exports on the other that agreement had held. It initially supported higher prices. Read more>>