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Are Swiss banks really chopping environmental devastation from trade financing? Construction of an oil pipeline through an area of cloud forest: The Oleoducto Crudo Pesado pipeline, completed in October 2003, transports between 390,000 and 450,000 barrels of crude oil per day from the from the Ecuadorian Amazonian to Esmeraldas on the coast. Dr Morley Read As awareness of the Amazon rainforest’s role in balancing the global climate builds, banks financing Switzerland’s important commodity trading sector are starting to re-evaluate the environmental impact of their business. This content w...

Follow Us We are first in your inbox with the most important news in the industry―keeping you smarter and one-step ahead in this ever-changing and competitive market.Start your free subscription Ecuador’s Power Grid Gets a Massive Makeover Over the past two decades, Ecuador has added a lot of hydroelectric power to its mix. Going forward, natural gas generation is expected to play more of a role in maintaining reliability and adding flexibility. As more intermittent renewable resources are incorporated, reactive power assets will also be important. Step into your DeLorean, set the co...

Major energy companies are becoming increasingly sensitive to drilling in high-risk environments such as the Arctic, Barents Sea and the Amazon Basin. A combination of highly volatile oil prices, a prolonged global supply glut, the arrival of peak oil ...

The appalling state of Ecuador’s petroleum industry is not only highlighted by corroded pipeline infrastructure, lax regulation and regular oil spills as well as other hazardous emissions but also by the deterioration of the country’s refineries

Life in the Jungle By Art by Sierra Glassman, Age 13 A trip to the Ecuadorian jungle prompts the writer to reevaluate the comforts of her life in the U.S. An observant onlooker, upon watching her fellow passengers in the airplane, might have noticed a girl who lacked the lethargic nonchalance of the other voyagers. This girl peered, fascinated, through the stained window. She appeared to be caught in a lustrous reverie that refused to release her. She was, unlike most of the other passengers on the airplane, not fully aware of inhaling the sickly airplane oxygen. Even the most attentive spect...