
Oil intrigues behind Ecuador auto-golpe
President Guillermo Lasso dissolved Ecuador’s opposition-controlled National Assembly—just one day after his impeachment trial began. Lasso is to rule by decree until new elections are held. In the impeachment proceeding, Lasso stood accused of extortion and embezzlement related to alleged corruption at parastatal oil company Petroecuador and hydrocarbons transporter Flopec, allowing unprofitable contracts to benefit “third parties.” The country’s oil industry has been in crisis for nearly a year, repeatedly placed under force majeure by protests and sabotage of the trans-Andean pipeline. (Photo: Wikimedia Commons)