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Ecuador Govt Auctions Off Amazonian Rainforest to China Oil Firms
Mar. 27, 2013 11:50PM PST
Resource InvestingThe Guardian reported that a group of Ecuadorian politicians have auctioned off over 3 million hectares of Amazonian rainforest to representatives of Chinese oil companies in Beijing.
The Guardian reported that a group of Ecuadorian politicians have auctioned off over 3 million hectares of Amazonian rainforest to representatives of Chinese oil companies in Beijing.
As quoted in the market news:
Attending the roadshow were black-suited representatives from oil companies including China Petrochemical and China National Offshore Oil. “Ecuador is willing to establish a relationship of mutual benefit – a win-win relationship,” said Ecuador’s ambassador to China in opening remarks.