Indigenous peoples in Ecuador of cancer in women and men in the countries where there was oil production present for over 20 years. Women also reported increased rates in a copious number of physical ailments such as skin mycosis, sore throat, headaches and gastritis. The primary argument against these findings were that they were weak and biased. Texaco decided on jurisdiction in Ecuador. The case put against Texaco remained in the works for some time. In 2001, Texaco was taken over by Chevron, another oil company, which assumed the liabilities left by the previous production. On February, 2011 Chevron was found guilty after inheriting
Economic history of Ecuador rapidly worsening economy as he assumed office on August 10, 1988; within a month he announced a national economic austerity program that included a sharp devaluation of the sucre, tax increases, new import restrictions, a reduction in public-sector spending, a 100-percent increase in fuel prices, and a 40-percent boost in electricity rates for private households. Borja also opened new negotiations with foreign creditors to whom Ecuador was in arrears for almost US$1 billion. The president, however, refused to lift the suspension of foreign debt payments, imposed by Febres Cordero in 1988, until April 1989. Borja's austerity policies and the resulting