Confederation of Indigenous Nationalities of Ecuador in South America (for example Plan Colombia). In 2013 CONAIE became more involved in discussions with other indigenous organizations involving land rights and environmental sustainability due to deals made by the government with large multinational oil companies. These deals primarily concern the Amazon basin, and would take over much of the indigenous land that is currently inhabited. There has been much debate for many years between the governments, the indigenous peoples, and the oil companies. Chevron (formerly Texaco) is a major oil company which has had a presence in Ecuador; recently Chevron has come into many Ecuadorian headlines regarding drilling
Economic history of Ecuador 50 percent of the central government's revenues. In 1985 Ecuador earned over US$1.8 billion in revenue from petroleum exports, two-thirds of Ecuador's export revenue that year. But a sharp decline in international oil prices in 1986 resulted in a US$1.1-billion drop in petroleum export revenue. The balance-of-payments current account, which registered a surplus of US$149 million in 1985, showed a US$613-million deficit for 1986. Foreign-exchange reserves declined to US$145 million by mid-1986, and real GDP growth for 1986 came to only 1.7 percent, compared with 3.8 percent in 1985. To meet the economic crisis, in January 1987 the government suspended