In Chapter 1 of this exclusive report we take you through the history of the exploitation by oil giant Texaco/Chevron in the Ecuadorean Amazon, one of the biggest and ongoing corporate scandals and environmental disasters in modern times.

Source: Amazon Defense Coalition (FDA)

Oil exploration in the Ecuadorean Amazon expanded in the 1960s with the discovery of petroleum in the Eastern Napo region by Texaco (now Chevron) in 1964. Oil rapidly became the most important export to the Ecuadorean state and by the 1990s accounted for 50% of the state budget, a situation that continues today.This oil dependency created a debt crisis in the 1980s which allowed the International Monetary Fund and the World Bank to push for neoliberal reforms that the Ecuadorean government implemented in the 1980s and 1990s.

1964

1973

1982

1990

1992

CHAPTER 1

Origin of a Disaster

"Texaco was the owner of everything, nobody could claim any negative impacts… it was like a power nobody could stop".

Marcos Ajila