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Ecuador Political News

Financial Post – Comment – Ecuador’s eco blackmail

The author of this piece takes issue with Ecuador’s efforts to collect money in exchange for not drilling in part of the country:

For US$3.6-billion, Ecuador’s socialists are prepared to make the effort of, well, doing nothing.

Almost 40 years ago, satirical magazine National Lampoon had a famous cover featuring somebody holding a pistol to the head of a cute canine. The caption was: “If You Don’t Buy This Magazine, We’ll Kill This Dog.”

The “21st-century socialist” government of Ecuador has come up with a non-joke variant: “Pay us US$3.6-billion or we’ll drill for oil in the Amazon.”

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