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
China–Ecuador relations Development Bank signed on the same day has an identical clause. China has also tried to secure its loans by pushing for a massive expansion of Ecuador’s oil frontier, especially in the central-south Amazon and Yasuní National Park, before and after the Yasuní-ITT Initiative failed. The Yasuní-ITT Initiative was the proposal by the government of Ecuador to refrain indefinitely from exploiting the oil reserves of the Ishpingo-Tambococha-Tiputini (ITT) oil field in the Yasuní National Park, in exchange for half of the value of the reserves, or $3.6 billion over 13 years from the international community. The aim of the initiative