President Rafael Correa appoints a new head of state-owned Petroecuador after official figures show a slowdown in crude oil production. The move comes after Ecuador proposed to cut windfall taxes for private firms and signed a refinery agreement with Venezuela.
Leaders from the European Union and Latin America gathered in Lima for a biennial summit, focusing on trade, inequality, and climate change as rising food prices threaten to exacerbate poverty.
The rise in food prices are generating concern across the globe. AS/COA looks at how rising prices are affecting Latin American, as well as regional responses to meet increased demand and combat food shortages.
Concerns about violence and Bolivian unity mount as the eastern, energy-rich province of Santa Cruz prepares to hold a referendum on whether to become autonomous. Three other provinces plan similar votes.
As the Western Hemisphere experiences the consequences of rising food prices, experts and leaders seek to identify the crisis' source as well as solutions. A debate over biofuels has emerged with the food price hikes.
Opponents of Pemex’s energy reform package say it will pave the way for the company’s privatization. Yet proponents say Pemex will remain state-owned while the reform will help the firm meet an urgent need to boost production.
Pablo Reyes, Director of the Center for Latin American Strategic Studies in Bogota, calls for careful policy planning for biofuels. He writes that governments and industry. "International cooperation is essential for the biofuels industry to move forward," he writes.
